Rice University

www.rice.edu/

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2021 Undergraduate Tuition

$52,070

3.5% growth from 2020

2021 Average Net Price

$18,521

After Financial Aid

2021 Acceptance Rate

9.48%

29,544 Applicants

2021 Enrolled Students

8,285

94.7% Full-Time

2021 Graduation Rate

92.3%

892 Graduates

About

Rice University is a higher education institution located in Harris County, TX. In 2021, the most popular Masters Degree concentrations at Rice University were Other Management Sciences & Quantitative Methods (439 degrees awarded), General Computer & Information Sciences (128 degrees), and General Statistics (29 degrees).

In 2021, 2,500 degrees were awarded across all undergraduate and graduate programs at Rice University. 44% of these degrees were awarded to women, and 56% awarded men. The most common race/ethnicity group of degree recipients was white (853 degrees), 1.68 times more than then the next closest race/ethnicity group, asian (509 degrees).

The median undergraduate tuition at Rice University is $52,070, which is $23,078 more than the national average for Doctoral Universities ($28,992).

About the photo: Duncal Hall at Rice University

Photo by Tendenci Software

Doctoral Universities: Highest Research Activity Doctoral Universities

Costs

In 2021, the median undergraduate tuition at Rice University is $52,070, which is $23,078 more than the national average for Doctoral Universities ($28,992).

After taking grants and loans into account, the average net price for students is $18,521.

In 2021, 64% of undergraduate students attending Rice University received financial aid through grants. Comparatively, 7% of undergraduate students received financial aid through loans.

Tuition Costs

$52,070

2021 Undergraduate Tuition

In 2021, the cost of tuition at Rice University was $52,070. The cost of tuition at Rice University is $23,078 more than than the overall (public and private) national average for Doctoral Universities ($28,992).

This chart compares the tuition costs of Rice University (in red) with those of other similar universities.

Average Net Price

$18,521

2021 Value

3.61%

1 Year Growth

In 2021 Rice University had an average net price — the price paid after factoring in grants and loans — of $18,521. Between 2020 and 2021, the average net price of Rice University grew by 3.61%.

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.

Other Student Expenses

$14,500

Room and Board

$1,250

Books and Supplies

The average yearly cost of room and board at Rice University was of $14,500 in 2021. The cost of room and board increased by 2.55% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $1,250. The cost of books and supplies increased by 4.17% during the same period.

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

Financial Aid by Income Level

64%

Undergraduates Receiving Financial Aid through Grants

Undergraduates Receiving Financial Aid through Loans

64% of undergraduate students at Rice University received financial aid through grants or loans in 2021. This represents a growth of 0% with respect to 2020, when 64% 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.

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.

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Rice University was 0%, which represents 0 out of the 453 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.

Admissions

Rice University received 29,544 undergraduate applications in 2021, which represents a 26% annual growth. Out of those 29,544 applicants, 2,802 students were accepted for enrollment, representing a 9.48% acceptance rate.

There were 8,285 students enrolled at Rice University in 2021. 46% of first-time enrollees submitted SAT scores with their applications.

Rice University has an overall enrollment yield of 43.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

9.48%

Acceptance Rate in 2021

2,802

Accepted Out of 29,544

In 2021, the undergraduate acceptance rate of Rice University was 9.48% (2,802 admissions from 29,544 applications). This is lower than the acceptance rate of 2020, which was 10.9%. Between 2020 and 2021, the number of applicants grew by 26%, while admissions grew by 9.67%..

This chart compares the acceptance rate of Rice University (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

46%

Submission Percentage (2021)

560

Scores Submitted (2021)

46% of enrolled first-time students at Rice University in 2021 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.

Enrollment

Rice University had a total enrollment of 8,285 students in 2021. The full-time enrollment at Rice University is 7,848 students and the part-time enrollment is 437. This means that 94.7% of students enrolled at Rice University are enrolled full-time.

The enrolled student population at Rice University, both undergraduate and graduate, is 30.6% White, 20.1% Asian, 11.8% Hispanic or Latino, 6.93% Black or African American, 3.37% Two or More Races, 0.0845% Native Hawaiian or Other Pacific Islanders, and 0.0604% American Indian or Alaska Native.

Students enrolled at Rice University in full-time Undergraduate programs are most commonly White Male (16.8%), followed by Asian Female (15.5%) and White Female (12.8%). Students enrolled in full-time Graduate programs are most commonly White Male (20.6%), followed by White Female (10.1%) and Asian Male (6.69%).

Full-Time vs Part-Time Enrollment

94.7%

Full-Time Enrollment

The total enrollment at Rice University in 2021, both undergraduate and graduate, is 8,285 students. The full-time enrollment at Rice University is 7,848 and the part-time enrollment is 437. This means that 94.7% of students enrolled at Rice University are enrolled full-time compared with 76.6% at similar Doctoral Universities.

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

Retention Rate over Time

97%

2021 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 97%. Compared with the full-time retention rate at similar Doctoral Universities (84%), 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.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
2,532 enrolled students
Asian
1,664 enrolled students
Hispanic or Latino
978 enrolled students

The enrolled student population at Rice University is 30.6% White, 20.1% Asian, 11.8% Hispanic or Latino, 6.93% Black or African American, 3.37% Two or More Races, 0.0845% Native Hawaiian or Other Pacific Islanders, and 0.0604% 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 48.9% White, 15.1% Hispanic or Latino, and 9.56% 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, 137 students (1.65%) did not report their race.

Graduates

In 2021, 300 fewer women than men received degrees from Rice University. The most common race/ethnicity group of degree recipients at Rice University is white (853 degrees awarded). There were 1.68 times more white recipients than the next closest race/ethnicity group, asian (509 degrees).

The most common Masters Degree concentration at Rice University is Other Management Sciences & Quantitative Methods (439 degrees awarded), followed by General Computer & Information Sciences (128 degrees) and General Statistics (29 degrees).

In 2021, 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 (52 degrees awarded), Math & Statistics (136 degrees), and Physical Sciences (128 degrees).

Common Jobs by Major

Software developers

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 (476,050 people), Other managers (396,250 people), Miscellaneous engineers, including nuclear engineers (360,188 people), Civil engineers (270,057 people), and Postsecondary teachers (223,918 people).

The most specialized majors at Rice University in 2021 are Architecture and Related Services (52 degrees awarded), Math & Statistics (136 degrees), Physical Sciences (128 degrees), PHILOSOPHY AND RELIGIOUS STUDIES. (47 degrees), and Engineering (355 degrees) (as of 2021).

Highest Paying Jobs by Major

Podiatrists

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Rice University are Podiatrists, Surgeons, Cardiovascular technologists and technicians, Physicians, and Aerospace engineers

The most specialized majors at Rice University are Architecture and Related Services (52 degrees awarded), Math & Statistics (136 degrees), Physical Sciences (128 degrees), PHILOSOPHY AND RELIGIOUS STUDIES. (47 degrees), and Engineering (355 degrees) (as of 2021).

Common Industries by Major

Architectural, engineering & related services

Most Common Industry

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 (577,952 people), Computer Systems Design (534,561 people), Colleges, universities & professional schools, including junior colleges (390,906 people), Construction (320,293 people), and Elementary & secondary schools (243,137 people).

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 (2021)

General Computer & Information Sciences
149 degree-majors awarded
General Economics
83 degree-majors awarded
General Psychology
64 degree-majors awarded

In 2021, the most common bachelors degree concentration at Rice University was General Computer & Information Sciences with 149 degrees awarded.

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

Sex Breakdown for Common Majors

1,400

Degrees Awarded to Men

in 2021

1,100

Degrees Awarded to Women

in 2021

In 2021, 1,400 degrees were awarded to men at Rice University, which is 1.27 times more than the number of degrees awarded to females (1,100).

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

Most Common Male Majors

In 2021, 302 degrees were awarded to men at Rice University in Other Management Sciences & Quantitative Methods, which is 2.2 times more than the 137 female recipients with that same degree.

Most Common Female Majors

In 2021, 137 degrees were awarded to men at Rice University in Other Management Sciences & Quantitative Methods, which is 0.454 times less than the 302 male recipients with that same degree.

Time to Complete

84%

100% Completion Time

93%

150% Completion Time

In 2021, 84% of students graduating from Rice University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 93% completed their degrees within 150% of the normal time, and 93% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Two or More Races Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2021 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 (72.9%).

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, 1.68% of graduates (15 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
853 degrees awarded
Asian
509 degrees awarded
Hispanic or Latino
297 degrees awarded

The most common race/ethnicity at Rice University is white (853 degrees awarded). There were 1.68 times more white recipients than the next closest race/ethnicity group, asian (509 degrees).

2.12% of degree recipients (53 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Male
528 degrees awarded
White Female
325 degrees awarded
Asian Female
279 degrees awarded

The most common race/ethnicity and sex grouping at Rice University is white male (528 degrees awarded). There were 1.62 times more white male recipients than the next closest race/ethnicity group, white female (325 degrees).

Operations

Rice University has an endowment valued at nearly $8.08B, as of the end of the 2021 fiscal year. The return on its endowment was of 2.2B (27.2%) compared to the 10.4% average return (40.5M on 388M) across all Doctoral Universities.

In 2021, Rice University had a total salary expenditure of 822M. Rice University employs 302 Professors, 142 Lecturers and 130 Assistant professors. Most academics at Rice University are Male Professor (227), Female Lecturer (76), and Female Professor (75).

The most common positions for non-instructional staff at Rice University are: Computer, Engineering, and Science, with 648 employees, Business and Financial Operations, with 442 employees, and Service with 301 employees.

Endowment

$8.08B

2021 Endowment

31%

growth from 2020

Rice University has an endowment valued at about $8.08B, as of the end of the 2021 fiscal year. The endowment of Rice University grew 31% from the previous year. The value of their endowment was $7.69B 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.

Salary Expenditure

$374M

2021 Salaries

1.02%

growth from 2020

In 2021, Rice University paid a median of $374M in salaries, which represents 45.5% of their overall expenditure ($822M) and a 1.02% growth from the previous year.

The median for similar Doctoral Universities is 234M (42.8% of overall expenditures).

Instructional Salaries

$105M

Instructional Salaries

700

Number of Employees

In 2021, Rice University paid a total of $105M to 700 employees working as instructors, which represents 28.2% of all salaries paid.

This is compared to a median of $71M (30.3%) for similar Doctoral Universities.

Occupations by Share

Professor

Most Common Instructor

302 Employees

Computer, Engineering, and Science

Most Common Non-Instructional Employee

648 Employees

In 2021, the most common positions for instructional staff at Rice University were Professor with 302 employees, Lecturer with 142 employees, and Assistant professor with 130 employees.

In 2021, the most common positions for non-instructional staff at Rice University were Computer, Engineering, and Science with 648 employees, Business and Financial Operations with 442 employees, and Service with 301 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Professor
Female Lecturer
Female Professor

In 2021, the most common demographic for instructional staff at Rice University was Male Professor with 227 employees, Female Lecturer with 76 employees, and Female Professor with 75 employees.

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