Rice University

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2023 Average Net Price
$20,587
After Financial Aid
2021 Default Rate
0%
on Student Loans
2023 Enrolled Students
8,556
93.2% Full-Time
2023 Graduation Rate
95.7%
998 Graduates

About

Rice University is a higher education institution located in Harris County, TX. In 2023, the most popular Masters Degree concentrations at Rice University were Other Management Sciences & Quantitative Methods (631 degrees awarded), General Computer & Information Sciences (281 degrees), and Electrical And Computer Engineering (43 degrees).

In 2021 the default rate for borrower's at Rice University was 0%, corresponding to 0 out of the 461 total borrowers.

About the photo: Duncal Hall at Rice University

Costs

After taking grants and loans into account, the average net price for students is $20,587.

In 2023, 63% of undergraduate students attending Rice University received financial aid through grants. Comparatively, 6% of undergraduate students received financial aid through loans.

Average Net Price

$20,587
2023 Value
3.44%
1 Year Growth

In 2023 Rice University had an average net price — the price paid after factoring in grants and loans — of $20,587. Between 2022 and 2023, the average net price of Rice University grew by 3.44%.

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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Financial Aid by Income Level

63%
Undergraduates Receiving Financial Aid through Grants
6%
Undergraduates Receiving Financial Aid through Loans

63% of undergraduate students at Rice University received financial aid through grants or loans in 2023. This represents a growth of 0% with respect to 2022, 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.
0%
2021 Default Rate
0
Number of Defaults

In 2021 the default rate for borrower's at Rice University was 0%, which represents 0 out of the 461 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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Enrollment

Rice University had a total enrollment of 8,556 students in 2023. The full-time enrollment at Rice University is 7,972 students and the part-time enrollment is 584. This means that 93.2% of students enrolled at Rice University are enrolled full-time.

The enrolled student population at Rice University, both undergraduate and graduate, is 26.4% White, 21% Asian, 12.9% Hispanic or Latino, 7.37% Black or African American, 3.85% Two or More Races, 0.129% American Indian or Alaska Native, and 0.0818% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Rice University in full-time Undergraduate programs are most commonly White Male (15.7%), followed by Asian Female (15.6%) and Asian Male (13.6%). Students enrolled in full-time Graduate programs are most commonly White Male (17.8%), followed by White Female (9.02%) and Asian Male (6.22%).

Full-Time vs Part-Time Enrollment

93.2%
Full-Time Enrollment

The total enrollment at Rice University in 2023, both undergraduate and graduate, is 8,556 students. The full-time enrollment at Rice University is 7,972 and the part-time enrollment is 584. This means that 93.2% of students enrolled at Rice University are enrolled full-time compared with 77.9% 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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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)
  1. White
    2,261 enrolled students
  2. Asian
    1,801 enrolled students
  3. Hispanic or Latino
    1,102 enrolled students

The enrolled student population at Rice University is 26.4% White, 21% Asian, 12.9% Hispanic or Latino, 7.37% Black or African American, 3.85% Two or More Races, 0.129% American Indian or Alaska Native, and 0.0818% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. N/A

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, 155 students (1.81%) did not report their race.

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Graduates

In N/A, N/A N/A women than men received degrees from Rice University. The most common race/ethnicity group of degree recipients at Rice University is white (855 degrees awarded). There were 1.54 times more white recipients than the next closest race/ethnicity group, asian (557 degrees).

The most common Masters Degree concentration at Rice University is Other Management Sciences & Quantitative Methods (631 degrees awarded), followed by General Computer & Information Sciences (281 degrees) and Electrical And Computer Engineering (43 degrees).

In 2023,  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 Math & Statistics (172 degrees awarded), Architecture and Related Services (58 degrees), and Physical Sciences (134 degrees).

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 (1,120,768 people), Other managers (487,986 people), Miscellaneous engineers, including nuclear engineers (415,298 people), Civil engineers (313,034 people), and Postsecondary teachers (226,803 people).

The most specialized majors at Rice University in 2023 are Math & Statistics (172 degrees awarded), Architecture and Related Services (58 degrees), Physical Sciences (134 degrees), Engineering (396 degrees), and Computer and Information Sciences and Support Services (460 degrees) (as of 2023).

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Highest Paying Jobs by Major

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 Surgeons, Podiatrists, Magnetic resonance imaging technologists, Physicians, and Cardiovascular technologists and technicians

The most specialized majors at Rice University are Math & Statistics (172 degrees awarded), Architecture and Related Services (58 degrees), Physical Sciences (134 degrees), Engineering (396 degrees), and Computer and Information Sciences and Support Services (460 degrees) (as of 2023).

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Common Industries by Major

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 Computer Systems Design (1,140,083 people), uninformed (883,045 people), Architectural, engineering & related services (646,032 people), Colleges, universities & professional schools, including junior colleges (450,334 people), and Construction (387,929 people).

The most specialized majors at Rice University are Math & Statistics (172 degrees awarded), Architecture and Related Services (58 degrees), Physical Sciences (134 degrees), Engineering (396 degrees), and Computer and Information Sciences and Support Services (460 degrees) (as of 2023).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Rice University.

In 2023, the most common masters degree concentration at Rice University was Other Management Sciences & Quantitative Methods with 631 degrees awarded.

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

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Time to Complete

87%
100% Completion Time
92%
150% Completion Time

In 2023, 87% of students graduating from Rice University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 92% 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.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Rice University is Male and Asian (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (74.3%).

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, 1.5% of graduates (15 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)
  1. White
    855 degrees awarded
  2. Asian
    557 degrees awarded
  3. Hispanic or Latino
    319 degrees awarded

The most common race/ethnicity at Rice University is white (855 degrees awarded). There were 1.54 times more white recipients than the next closest race/ethnicity group, asian (557 degrees).

1.71% of degree recipients (50 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. White Male
    545 degrees awarded
  2. White Female
    310 degrees awarded
  3. Asian Female
    284 degrees awarded

The most common race/ethnicity and sex grouping at Rice University is white male (545 degrees awarded). There were 1.76 times more white male recipients than the next closest race/ethnicity group, white female (310 degrees).

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Operations

Rice University has an endowment valued at nearly $7.7B, as of the end of the 2023 fiscal year. The return on its endowment was of 182M (2.36%) compared to the N/A% average return (N/A on N/A) across all Doctoral Universities.

In 2023, Rice University had a total salary expenditure of 959M. Rice University employs 318 Professors, 184 Assistant professors and 131 Lecturers. Most academics at Rice University are Male Professor (240), Male Assistant professor (100), and Female Assistant professor (84).

Endowment

$7.7B
2023 Endowment
1.84%
decline from 2022

Rice University has an endowment valued at about $7.7B, as of the end of the 2023 fiscal year. The endowment of Rice University declined 1.84% from the previous year. The value of their endowment was $N/A N/A 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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Salary Expenditure

$422M
2023 Salaries
10.2%
growth from 2022

In 2023, Rice University paid a median of $422M in salaries, which represents 44% of their overall expenditure ($959M) and a 10.2% growth from the previous year. This is compared to a 2.41% growth between 2021 and 2022, and a 1.02% growth between 2020 and 2021.

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Occupations by Share

Professor
Most Common Instructor
318 Employees

In 2023, the most common positions for instructional staff at Rice University were Professor with 318 employees, Assistant professor with 184 employees, and Lecturer with 131 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2023)
  1. Male Professor
  2. Male Assistant professor
  3. Female Assistant professor

In 2023, the most common demographic for instructional staff at Rice University was Male Professor with 240 employees, Male Assistant professor with 100 employees, and Female Assistant professor with 84 employees.

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

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