Rice University

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2019 Undergraduate Tuition
$48,330
3.71% growth from 2018
2019 Average Net Price
$20,335
After Financial Aid
2017 Student Loan
1.09%
Default Rate
2019 Acceptance Rate
8.72%
27,087 Applicants
2019 Enrolled Students
7,282
95.6% Full-Time
2018 Graduation Rate
94.7%
878 Graduates

About

Rice University is a higher education institution located in Harris County, TX. In 2016, the most popular Bachelor's Degree concentrations at Rice University were General Computer & Information Sciences (120 degrees awarded), Mechanical Engineering (67 degrees), and Cognitive Science (64 degrees).

In 2019, 2,359 degrees were awarded across all undergraduate and graduate programs at Rice University. 42.2% of these degrees were awarded to women, and 57.8% awarded men. The most common race/ethnicity group of degree recipients was white (902 degrees), 2.23 times more than then the next closest race/ethnicity group, asian (405 degrees).

The median undergraduate tuition at Rice University is $48,330, which is $19,830 more than the national average for Doctoral Universities ($28,500).

About the photo: Duncal Hall at Rice University

Costs

The median undergraduate tuition at Rice University is $48,330, which is $19,830 more than the national average for Doctoral Universities ($28,500).

After taking grants and loans into account, the average net price for students is $20,335.

In 2019, 63% of undergraduate students received federal grants, while 13% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$48,330
2019 Undergraduate Tuition

In 2019, the cost of tuition at Rice University was $48,330. The cost of tuition at Rice University is $19,830 more than than the overall (public and private) national average for Doctoral Universities ($28,500).

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Average Net Price

$20,335
2019 Value
12.4%
1 Year Growth

In 2019 Rice University had an average net price — the price paid after factoring in grants and loans — of $20,335. Between 2018 and 2019, the average net price of Rice University grew by 12.4%.

This chart compares the average net price of Rice University (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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Other Student Expenses

$14,000
Room and Board
$1,200
Books and Supplies

The average yearly cost of room and board at Rice University was of $14,000 in 2019. During the same period, the average yearly cost of books and supplies was $1,200. The cost of room and board increased by 1.08% between 2018 and 2019. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Rice University (in red) with that of similar universities.

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Financial Aid

Financial Aid by Income Level

63%
Of Undergraduates Receive Grants
13%
Of Undergraduates Receive Federal Loans

63% of undergraduate students at Rice University received grants or loans in 2019. This represents a growth of 0% with respect to 2018, when 63% of undergraduate students received financial aid.

This chart compares the average award discount at Rice University (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.
1.09%
2017 Default Rate
5
Number of Defaults

In 2017 the default rate for borrower's at Rice University was 1.09%, which represents 5 out of the 459 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Admissions

Rice University received 27,087 undergraduate applications in 2019, which represents a 29.5% annual growth. Out of those 27,087 applicants, 2,361 students were accepted for enrollment, representing a 8.72% acceptance rate.

There were 7,282 students enrolled at Rice University in 2019, and 67% of first-time enrollees submitted SAT scores with their applications.

Rice University has an overall enrollment yield of 40.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

8.72%
Acceptance Rate in 2019
2,361
Accepted Out of 27,087

In 2019, the undergraduate acceptance rate of Rice University was 8.72% (2,361 admissions from 27,087 applications). This is lower than the acceptance rate of 2018, which was 11.1%. Between 2018 and 2019, the number of applicants grew by 29.5%, while admissions grew by 1.42%.

This chart compares the acceptance rate of Rice University (in red) with that of other similar universities.

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SAT Scores

67%
Submission Percentage
646
Scores Submitted

67% of enrolled first-time students at Rice University in 2019 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

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Enrollment

Rice University has a total enrollment of 7,282 students. The full-time enrollment at Rice University is 6,961 students and the part-time enrollment is 321. This means that 95.6% of students enrolled at Rice University are enrolled full-time.

The enrolled student population at Rice University, both undergraduate and graduate, is 33.1% White, 19% Asian, 11.7% Hispanic or Latino, 5.51% Black or African American, 3.27% Two or More Races, 0.124% Native Hawaiian or Other Pacific Islanders, and 0.0961% American Indian or Alaska Native.

Students enrolled at Rice University in full-time Undergraduate programs are most commonly White Male (17.6%), followed by Asian Female (14.8%) and White Female (14.1%). Students enrolled in full-time Graduate programs are most commonly White Male (23.5%), followed by White Female (11.7%) and Asian Male (5.53%).

Full-Time vs Part-Time Enrollment

95.6%
Full-Time Enrollment

The total enrollment at Rice University, both undergraduate and graduate, is 7,282 students. The full-time enrollment at Rice University is 6,961 and the part-time enrollment is 321. This means that 95.6% of students enrolled at Rice University are enrolled full-time compared with 77.6% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at Rice University (in red) compares to similar universities.

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Retention Rate over Time

98%
2019 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Rice University was 98%. Compared with the full-time retention rate at similar Doctoral Universities (83%), Rice University had a retention rate higher than its peers.

This chart shows the retention rate over time at Rice University (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    2,409
  2. Asian
    1,380
  3. Hispanic or Latino
    849

The enrolled student population at Rice University is 33.1% White, 19% Asian, 11.7% Hispanic or Latino, 5.51% Black or African American, 3.27% Two or More Races, 0.124% Native Hawaiian or Other Pacific Islanders, and 0.0961% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 50.3% White, 14.3% Hispanic or Latino, and 9.48% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 148 students (2.03%) did not report their race.

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Graduates

In 2019, 369 fewer women than men received degrees from Rice University. The most common race/ethnicity group of degree recipients at Rice University is white (902 degrees awarded). There were 2.23 times more white graduates than the next closest race/ethnicity group, asian (405 degrees).

The most common Bachelor's Degree concentration at Rice University is General Computer & Information Sciences (120 degrees awarded), followed by Mechanical Engineering (67 degrees) and Cognitive Science (64 degrees).

The most specialized majors across all degree types at Rice University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Architecture and Related Services (64 degrees awarded), Math & Statistics (145 degrees), and Physical Sciences (143 degrees).

Workforce

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Rice University are Software developers (503,132 people), Other managers (374,205 people), Miscellaneous engineers, including nuclear engineers (352,973 people), Civil engineers (278,402 people), and Postsecondary teachers (219,485 people).

The most specialized majors at Rice University are Architecture and Related Services (64 degrees awarded), Math & Statistics (145 degrees), Physical Sciences (143 degrees), Philosophy and Religious Studies (37 degrees), and Engineering (401 degrees).

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Highest Paying Jobs by Major

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Rice University are Securities, commodities, & financial services sales agents, Surgeons, Other financial specialists, Physicians, and Cardiovascular technologists and technicians

The most specialized majors at Rice University are Architecture and Related Services (64 degrees awarded), Math & Statistics (145 degrees), Physical Sciences (143 degrees), Philosophy and Religious Studies (37 degrees), and Engineering (401 degrees).

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Common Industries by Major

The most common industries for people who hold a degree in one of the 5 most specialized majors at Rice University are Architectural, engineering & related services (577,154 people), Computer Systems Design (521,436 people), Colleges, universities & professional schools, including junior colleges (386,995 people), Construction (323,103 people), and Elementary & secondary schools (232,409 people).

The most specialized majors at Rice University are Architecture and Related Services (64 degrees awarded), Math & Statistics (145 degrees), Physical Sciences (143 degrees), Philosophy and Religious Studies (37 degrees), and Engineering (401 degrees).

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Degrees

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Rice University.
Most Common
  1. 120 degree-majorss awarded
  2. 67 degree-majorss awarded
  3. 64 degree-majorss awarded

In 2019, the most common bachelors degree concentration at Rice University was General Computer & Information Sciences with 120 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Rice University according to their major.

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Gender Breakdown for Common Majors

1,364
Degrees Awarded to Men
in 2019
995
Degrees Awarded to Women
in 2019

In 2019, 1,364 degrees were awarded to men at Rice University, which is 1.37 times more than the number of degrees awarded to females (995).

This chart displays the gender disparity between the top 5 majors at Rice University by degrees awarded.

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Most Common Male Majors

In 2019, 295 degrees were awarded to men at Rice University in General Business Administration & Management, which is 3.21 times more than the 92 female recipients with that same degree.

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Most Common Female Majors

In 2019, 92 degrees were awarded to women at Rice University in General Business Administration & Management, which is 0.312 times less than the 295 male recipients with that same degree.

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Time to Complete

83%
100% Completion Time
91%
150% Completion Time

In 2019, 83% of students graduating from Rice University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 91% completed their degrees within 150% of the normal time, and 92% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.
Two or More Races Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Rice University is Male and Two or More Races (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (69.1%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 1.71% of graduates (15 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    902 degrees awarded
  2. Asian
    405 degrees awarded
  3. Hispanic or Latino
    239 degrees awarded

The most common race/ethnicity at Rice University is white (902 degrees awarded). There were 2.23 times more white recipients than the next closest race/ethnicity group, asian (405 degrees).

2.42% of degree recipients (57 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic
  1. White Male
    564 degrees awarded
  2. White Female
    338 degrees awarded
  3. Asian Male
    206 degrees awarded

The most common race/ethnicity and gender grouping at Rice University is white male (564 degrees awarded). There were 1.67 times more white male recipients than the next closest race/ethnicity group, white female (338 degrees).

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Operations

Rice University has an endowment valued at nearly $6.51B, as of the end of the 2019 fiscal year. The return on its endowment was of $564M (8.66%), compared to the 4.24% average return ($13.2M on $311M) across all Doctoral Universities.

In 2019, Rice University had a total salary expenditure of $748M. Rice University employs 315 Professors, 132 Lecturers, and 114 Assistant professors. Most academics at Rice University are Male Professors (241), Female Professors(74), and Female Lecturers (72).

The most common positions for non-instructional staff at Rice University are: Computer, Engineering, and Science, with 626 employees, Business and Financial Operations, with 471 employees, and Service with 305 employees.

Finances

Endowment

$6.51B
2019 Endowment
4.45%
growth from 2018

Rice University has an endowment valued at about $6.51B, as of the end of the 2019 fiscal year. The endowment of Rice University grew 4.45% from the previous year. The value of their endowment was $6.2B higher than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Rice University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Highest Research Activity Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts
  1. $82M - Federal
  2. $10.7M - State
  3. $0 - Local

As of 2019, Rice University received $82M in grants and contracts from the federal government, $10.7M from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$362M
2019 Salaries
4.52%
growth from 2018

In 2019, Rice University paid a median of $362M in salaries, which represents 48.4% of their overall expenditure ($748M) and a 4.52% growth from the previous year. This is compared to a 3.93% growth from 2017 and a 3.98% growth from 2016.

The median for similar Doctoral Universities is 234M (42.4% of overall expenditures).

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Instructional Salaries

$104M
Instructional Salaries
694
Number of Employees

In 2019, Rice University paid a total of $104M to 694 employees working as instructors, which represents 28.6% of all salaries paid.

This is compared to a median of $71.1M (30.3%) for similar Doctoral Universities.

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Faculty and Staff

Occupations by Share

Professor
Most Common Instructor
315 Employees
Computer, Engineering, and Science
Most Common Non-Instructional Employee
626 Employees

In 2019, the most common positions for instructional staff at Rice University were Professor with 315 employees; Lecturer with 132 employees; and Lecturer with 114 employees.

In 2019, the most common positions for non-instructional staff at Rice University were Computer, Engineering, and Science with 626 employees; Business and Financial Operations with 471 employees; and Service with 305 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic
  1. Male Professor
  2. Female Professor
  3. Female Lecturer

In 2019, the most common demographic for instructional staff at Rice University was Male Professor with 241 employees, Female Professor with 74 employees, and Female Lecturer with 72 employees.

This chart shows the gender split between each academic rank present at Rice University.

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