With the nation’s overall outstanding student loan debt exceeding $1 trillion, an intimidating price tag may deter talented students from pursuing higher education. Though the cost of business school can seem dispiriting, more and more schools are offering competitive scholarships to allow promising students to go after an MBA.
Rice University’s Jones Graduate School of Business is a leader in offering merit-based scholarships to ambitious students. According to the school, eighty percent of the full-time MBA students from the class of 2018 have received scholarships. In fact, all applicants are automatically considered for merit-based awards upon admission. These merit-based awards are granted only to full-time MBA students, and can range from covering 10 percent to 100 percent of tuition. Rice also offers a variety of flagship scholarships. For those Houston metro-bound b-schoolers, we’ve laid out some of Rice University’s best scholarships for aspiring MBAs.
Rice Jones MBA Scholarships
The Jones Graduate School of Business has a host of endowed scholarship options, which allow donors to aid promising students:
MBA Scholar
This coveted scholarship includes full tuition and a stipend for school materials and living expenses. The selection process for this award includes an interview process, and recipients should hold themselves to a high academic and leadership standard as they pursue their MBA.
Full Named Dean’s Endowed Scholarship
The Full Names Dean’s Endowed Scholarship contributes $2,000,000 to Rice’s scholarship resources, and supports recipients’ full-tuition and fees.
Named Scholarship
A new student is selected for the Named Scholarship each year. Awardees receive a portion of their Rice tuition.
Flagship Scholarships
Rice’s Flagship Scholarship opportunities may be right for students who meet the specific qualifications and require additional funding to obtain their MBAs.
Military Scholars Program (MSP)
At Rice, active or veteran military applicants to the full-time MBA program may be eligible to receive scholarships that cover tuition and other living expenses. Class of 2017 alum Will Lyles said, “The MSP afforded me the chance to be at one of the top schools in the country and be part of something that is continuing to improve and evolve. It’s hard to put into words how grateful I am for that scholarship and this institution.”
Crownover Scholars Program
This scholarship gives students the opportunity to personally connect with the award’s namesake, former Rice Board of Trustees Chair, James Crownover. In addition to providing financial aid, this award creates a link between recipients and the experienced James Crownover, who takes on a mentorship role, introducing students to industry leaders and offering his guidance and insight.
Jones’s Partners’ Leadership Scholarship
Jones Partners is a collaboration of professionals devoted to bridging the gap between Jones Graduate School of Business and the surrounding business community. This network offers a scholarship for full-time MBA candidates with the potential to be outstanding leaders. Students awarded this coveted scholarship have two years of tuition and fees covered.
The McNair Scholars Program
Each year, one Rice MBA applicant is chosen for the McNair Scholars Program, based on scholastic performance, aptitude and leadership skills. The McNair Scholars Program provides opportunities to promising candidates from low-income backgrounds (generally first generation students), covering full-tuition costs for its recipients.
For more information on the Rice Jones MBA scholarships, visit the school website.