Rice provides financial aid in four ways:

  • tuition waivers
  • graduate fellowships
  • research assistantships based on merit
  • need-based aid such as federally insured loans

Tuition waivers are granted in an amount equal to Rice's tuition, which is $39,800.00 for 2014-2015.

Graduate fellowships, unlike teaching fellowships awarded by many universities, entail only a modest teaching or research assignment (a maximum of ten hours per week during the semester); consequently, graduate fellows can engage in full time study. At present these fellowships provide incoming students at least $22,000 per nine month academic year.

Numerous opportunities for summer funding (often supported by faculty grants) are also available.

In addition, a number of graduate students have been recipients of external fellowships. All financial aid decisions are made shortly after the January 5 application deadline.