Financial Aid Information - iSEED
If you have previously received financial aid at Rice, you can apply for loans to fund summer study abroad experiences through the Office of Financial Aid on their website here. https://financialaid.rice.edu/summer-students Students must be registered for a minimum of 6 credit hours for the summer term. Please keep in mind that funds are extremely limited. Students should consult with the Office of Financial Aid to confirm remaining loan amounts/eligibility. Students may apply for limited summer financial aid by submitting a Summer Financial Aid Request Form to the Office of Financial Aid https://financialaid.rice.edu/summer-students. The application deadline to be considered for summer financial aid is typically mid-May.
Current Undergraduate Students
Degree-seeking Rice undergraduates who received need-based aid during the academic year are eligible to receive institutional need-based aid equivalent to 50% of summer tuition. The institutional aid is limited to nine credit hours of Rice summer coursework during their time as a Rice undergraduate student. This aid is only available for Rice online, in-person or “Rice in country” coursework and for participants in other Rice faculty-led overseas programs offered for Rice credit during the summer. It is not available for non-Rice summer programs.
Federal aid from the Pell Grant, federal direct loans and private loans remain available to eligible students that have not reached the annual or lifetime limits. Students must be enrolled at least half time in for-credit hour courses at Rice University to be eligible for these funds.
If the student is ineligible for need-based aid, there may be other loan options available to help meet educational expenses. Prior to applying for a private loan, the Department of Education recommends students start with Federal Direct Loans first. Students are required to acknowledge and either accept or forego their federal loan eligibility before we can certify a private loan.
Federal regulations require all private loan borrowers to review a series of disclosures and complete the applicant self-certification form. The student may obtain a copy of the self-certification form from the private educational loan lender. Students will receive a finalized disclosure statement after their master promissory note has been signed confirming the terms and conditions of their loan from the lender.