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 $34,900.00 for 2011-2012.
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 $20,000 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 February 1 application deadline.