Admission
A degree of difference
By graduation day, 75 percent of the Class of 2006 had accepted jobs, been admitted to graduate or professional schools, or made alternative plans, such as joining Teach for America or traveling internationally on a Fulbright or Watson fellowship. More than 70 percent of those pursuing graduate study were admitted to their first choice school.
Cost & Financial Aid

Loans

If you’re like most students, you and your family worry about paying for college. Luckily, there are a variety of funding sources available to help you advance your education.

Whether you qualify for need-based aid or not, loans are available to you. If you qualify for need-based aid, loans are awarded as part of your financial aid package. If you don’t, you may still take out a loan. Since loans are coordinated through Rice University, please make the Office of Financial Aid your first point of contact regarding all loans.

The best loans are federal loans: Stafford, Perkins and parent Plus

Federal Stafford Student Loan

  • Low fixed interest rate
  • May borrow from $3500 to $5500 a year
  • Subsidized require financial aid eligibility
  • Unsubsidized are available to all students

    Federal Perkins Loan

  • Low fixed interest rate
  • Require financial aid eligibility
  • May borrow up to $4000 a year

    Federal Plus Loan for Parents

  • Fixed interest rate
  • Available to all parents of undergraduate students
  • Credit check on borrower
  • May borrow up to the cost of attendance less other aid

    Private loans may be an option for some students

  • Variable market rate
  • Depend on creditworthiness of co-signer

    If you don’t want to take out a loan, you may opt for the Deferred Payment Plan that’s offered by the Cashier’s Office. Under this plan, you divide up your balance into four monthly payments at a low interest rate of 1.67%.

    More loan information is available on the Office of Financial Aid website.

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