International students provide valuable diversity to our student population, but to evaluate the many different degrees of academic preparation, we require academic records.
- To be eligible for admission, your degree must be equivalent to a U.S. four-year bachelor‚Äôs degree.* If you hold a three-year undergraduate degree, it must be evaluated by a third-party credential evaluation service. Your evaluation should include a statement of your degree equivalency as well as a course-by-course conversion of marks/grades.
- We require all transcripts to be in English and on a 4.0 GPA scale. If your transcripts are not in English, or your grades are recorded differently (letters only, 100 point scale, 10.0 GPA scale, etc.), you must have your transcript translated to English and/or a 4.0 GPA scale.
- Your transcripts may be translated to English and converted to a 4.0 GPA scale by your college or university, or by a third-party credential evaluation service.
- In order to submit your application, we require that you enter your GPA on a 4.0 scale. If your GPA is not already on a 4.0 scale, you may manually convert your grades using the WES GPA Calculator for a small fee. You must still have your transcripts officially evaluated by one of the following companies:
- Educational Credential Evaluators (ECE)
- SpanTran Educational Services
- World Education Services (WES)
- International applicants whose undergraduate degree was not taught primarily in English must submit an English proficiency test score.** We accept score reports from the following tests:
- Test of English as a Foreign Language (TOEFL)
- International English Language Testing System (IELTS)
- Pearson Test of English Academic (PTE)
To have your official scores sent to the Rice MBA program by the testing service, please make¬†sure that you use correct the program code below:
- TOEFL Code: 7320
- IELTS & PTE Scores are directly mailed to our office
All English proficiency test scores are valid for two years and, like the GMAT or GRE, we will only consider your highest score.
Our mailing address for transcript evaluations and English proficiency test scores is:
Rice MBA Recruiting & Admissions
6100 Main Street |¬†MS 531
Houston, TX 77005
*Applicants holding both a three-year undergraduate degree and a graduate degree are automatically eligible for admission.
** The English proficiency test requirement is automatically waived for international applicants whose graduate degree was taught primarily in English.
Financing Your Degree
The primary sources of funding for International Students are
- Personal resources
- Lending institutions in your home country or an International Loan Organization
- Private student loans through a US lending institution (requires a US Citizen or US Permanent Resident cosigner).
- Semester Payment Plan
In the interest of assisting our students with the funding process, our office has compiled a list of funding-related websites for your convenience. Please note that you are not limited to the lending institutions or organizations listed here and you must research, apply individually, and work directly with the funding resource. ¬†
For those planning to wire funding from abroad, Rice University has partnered with flywire to facilitate this process at as low a cost to you as possible. Please reference the University Cashier's Office¬†for additional information.
International Loan Organizations
The following loan opportunities may not require a US citizen or permanent resident co-signer. Please note there is additional funding information available from¬†the Office of International Students and Scholars.¬†
Banco de M√©xico-FIDERH is a federal trust managed by the Central Banco de M√©xico that offers affordable low-interest loans to Mexican students for graduate studies either in Mexico or abroad.
Global Student Loan Corporation is a third-party loan facilitator that assists in providing educational loans without a US citizen or permanent resident co-signer to citizens of India. ¬†
Prodigy Finance offers no-cosigner loans to students studying at a select number of US MBA programs. Rice University MBA is an approved participant.¬†
US Loan Organizations
US banks require international students to have a US Citizen or Permanent Resident (green card holder) co-signer when applying. Rice University's Office of Financial Aid Private Loans page contains an historical lender list that may assist your search. If interested, please navigate to that page and select the ELMSelect link at the bottom. Please note that you are not limited to this list and may apply with any lending institution of your choice. Due to the loan processing timeline, we recommend you begin the application process no earlier than May 15 for the coming academic year. Processing begins around June 1.
Frequently Asked Questions
Does Rice University participate in a Private Student Loan option for International Students that does not require a co-signer?
Yes. Prodigy Finance offers a no co-signer loan for international students. Please visit their website to apply.
Will Rice University act as a co-signer on a student loan?
No. The institution does not act as a co-signer or guarantor of student loans.
When do I start applying for Private Student Loans?
The loan application process begins after (a) you are admitted to the program and (b) you submit your enrollment deposit. (c) Our system begins processing Private Student Loan applications around June 1 for the coming academic year. We recommend you begin applying with the lender of your choice no earlier than May 15.
How much should I borrow?
We always encourage you to borrow conservatively. In deciding how much to borrow, a basic principle is to borrow sufficient funding to cover the costs for the academic year (Fall + Spring).
Disclaimer: The above list of funding organizations is provided as a courtesy to assist you in your funding research and we do not promote the use of any particular entity. Neither the Jones Graduate School of Business nor Rice University receive any form of compensation, monetary or otherwise, from the organizations listed and the University does not assume any liability. Students must research, contact the organization directly, and confirm their eligibility to apply for funding through these organizations and institutions.