Tuition and Financial Aid
Interested in Rice Business?
Full-Time MBA Program
| Tuition and Fees | Per Term | Annual | Two Year Estimates |
|---|---|---|---|
| Full Time MBA Tuition* | $ 31,750 | $ 63,500 | $ 127,000 |
| Full Time MBA Fees | $ 513 | $ 1,026 | $ 2,052 |
| Itemized Fees | Per Term | Annual | Two Year Estimates |
|---|---|---|---|
| Graduate Student Association Fee | $ 22.50 | $ 45 | $ 90 |
| Student Organization Fee | $ 4 | $ 8 | $ 16 |
| Honor Council Fee | $ 1 | $ 2 | $ 4 |
| Health & Wellness Support Fee | $ 285.50 | $ 571 | $ 1,142 |
| MBA Activity Fee | $ 200 | $ 400 | $ 800 |
| TOTAL MBA Fees | $ 513 | $ 1,026 | $ 2,052 |
| Optional Fees | Per Term | Annual | Two Year Estimates |
|---|---|---|---|
| Health Insurance** | $ 1,290 | $ 2,580 | $ 5,160 |
| Estimated Textbooks*** | $ 1,300 | $ 2,600 | $ 5,200 |
| Parking**** | $ 125 - $ 450 | $ 250 - $ 900 | $ 500 - $ 1,800 |
*Tuition for the Full-Time MBA changes from year-to-year, so the two year estimate shown above is subject to change. Tuition is charged a flat-rate per semester and is not assessed for enrolled credits exceeding 60.
**This represents charges for the 2020-2021 student-only annual health insurance plan and will be updated as we get closer to the Fall 2021 semester. Rice University policy requires all students to have health insurance coverage. You may waive this requirement if you are enrolled in an alternative insurance plan that meets or exceeds institutional coverage standards. Students are billed for the annual Student Health Insurance plan in the Fall semester. Please see the Student Health Insurance website for additional information.
***Students are responsible for purchasing their textbooks each semester. Textbooks may be purchased at the Rice University Campus Bookstore or through any store or online vendor the student chooses.
****Students wishing to park on campus have multiple options at various price-points. Parking permits for the 2021-22 academic year may be purchased beginning July 1st. Additional information may be found on the Rice University Parking website.
What’s the sticker price of an MBA? Even for candidates who know their next step is business school, the financial commitment is significant. For candidates who are still deciding, calculating the variables — tuition, time, meeting responsibilities to family, work and community — can be overwhelming. Both types of achievers may be surprised at how affordable a Rice MBA really is.
Rice Business Scholarships
Rice Business is the 8th most affordable MBA in the top 25, according to Poets & Quants.
Through the generous support of our donors, Rice Business was able to provide merit-based scholarships to over 75% of our Full-Time MBA cohort in 2020-2021 with the average award covering over 50% of tuition costs.
All admitted full-time MBA students (domestic and international) are automatically considered for merit-based scholarships as part of the application review process. Scholarship winners will be notified at the time of admission to the university.
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Crownover Scholars Program
Named in honor of former Rice University Board of Trustees Chair James Crownover '65, the scholarship supports students financially and provides an avenue for Jim himself to work directly with Crownover Scholars and finalists by sharing his experience on leadership success and community contribution, plus introducing students to relevant business leaders in their chosen fields. For questions about the program, please contact Jessica Krom, Associate Director of Admissions, at Jessica.L.Krom@rice.edu or 713-348-2898.
The McNair Scholars Program
This program was established to recognize individuals with demonstrated academic excellence and inspired leadership, as exemplified by Janice and Robert McNair. One recipient will be selected each academic year and receive full-tuition benefits during the two-year program as a Rice Business student. For questions about the program, please contact Jessica Krom, Associate Director of Admissions, at Jessica.L.Krom@rice.edu or 713-348-2898.
Military Scholars Program
The Military Scholars Program will provide scholarships to cover tuition, fees and expected living expenses for selected active or veteran military applicants who wish to pursue their educational dream of obtaining a full-time Rice MBA degree. For more details, visit the Military Scholars Program page on our site.
Financial Aid Resources
Rice Business MBA students have their own dedicated Student Financial Services team to assist in the process of securing funding and to help with all your financial aid or military funding questions.
A Rice MBA is Worth The Investment
Rice Business Professor James Weston explain why a Rice MBA is a positive return on your investment.
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Director, Student Financial Services
Assistant Director, Student Financial Services