Rice University

www.rice.edu

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2024 Undergraduate Tuition

$60,314

5.43% growth from 2023

2024 Average Net Price

$23,589

After Financial Aid

2024 Acceptance Rate

32,473 Applicants

2024 Enrolled Students

8,961

93% Full-Time

2024 Graduation Rate

94.6%

901 Graduates

About

Rice University is a higher education institution located in Harris County, TX. In 2024, the most popular Masters Degree concentrations at Rice University were Other Management Sciences & Quantitative Methods (539 degrees awarded), General Computer & Information Sciences (158 degrees), and Electrical And Computer Engineering (53 degrees).

In 2024, 2,765 degrees were awarded across all undergraduate and graduate programs at Rice University. 41.4% of these degrees were awarded to women, and 58.6% awarded men. The most common race/ethnicity group of degree recipients was white (794 degrees), 1.42 times more than then the next closest race/ethnicity group, asian (558 degrees).

The median undergraduate tuition at Rice University is $60,314, which is $28,394 more than the national average for Doctoral Universities ($31,920).

About the photo: Duncal Hall at Rice University

Photo by Tendenci Software

Doctoral Universities: Highest Research Activity Doctoral Universities

Costs

In 2024, the median undergraduate tuition at Rice University is $60,314, which is $28,394 more than the national average for Doctoral Universities ($31,920).

After taking grants and loans into account, the average net price for students is $23,589.

In 2024, 61% of undergraduate students attending Rice University received financial aid through grants. Comparatively, 6% of undergraduate students received financial aid through loans.

Tuition Costs

$60,314

2024 Undergraduate Tuition

In 2024, the cost of tuition at Rice University was $60,314. The cost of tuition at Rice University is $28,394 more than than the overall (public and private) national average for Doctoral Universities ($31,920).

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

Average Net Price

$23,589

2024 Value

14.6%

1 Year Growth

In 2024 Rice University had an average net price — the price paid after factoring in grants and loans — of $23,589. Between 2023 and 2024, the average net price of Rice University grew by 14.6%.

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

$15,900

Room and Board

$1,400

Books and Supplies

The average yearly cost of room and board at Rice University was of $15,900 in 2024. The cost of room and board increased by 6% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $1,400. The cost of books and supplies increased by 3.7% 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

61%

Undergraduates Receiving Financial Aid through Grants

Undergraduates Receiving Financial Aid through Loans

61% of undergraduate students at Rice University received financial aid through grants or loans in 2024. This represents a decline of 3.17% with respect to 2023, 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.

Admissions

Rice University received 32,473 undergraduate applications in 2024, which represents a 4.55% annual growth. Out of those 32,473 applicants, 2,597 students were accepted for enrollment, representing a 8% acceptance rate.

There were 8,961 students enrolled at Rice University in 2024. 48% of first-time enrollees submitted SAT scores with their applications.

Rice University has an overall enrollment yield of 44.2%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

Acceptance Rate in 2024

2,597

Accepted Out of 32,473

In 2024, the undergraduate acceptance rate of Rice University was 8% (2,597 admissions from 32,473 applications). This is higher than the acceptance rate of 2023, which was 7.88%. Between 2023 and 2024, the number of applicants grew by 4.55%, while admissions grew by 6.13%.

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

48%

Submission Percentage (2024)

546

Scores Submitted (2024)

48% of enrolled first-time students at Rice University in 2024 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Rice University had a total enrollment of 8,961 students in 2024. The full-time enrollment at Rice University is 8,332 students and the part-time enrollment is 629. This means that 93% of students enrolled at Rice University are enrolled full-time.

The enrolled student population at Rice University, both undergraduate and graduate, is 25.9% White, 21.3% Asian, 13.4% Hispanic or Latino, 7.06% Black or African American, 4% Two or More Races, 0.156% American Indian or Alaska Native, and 0.0558% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Rice University in full-time Undergraduate programs are most commonly Asian Female (15.6%), followed by White Male (14.9%) and Asian Male (13.5%). Students enrolled in full-time Graduate programs are most commonly White Male (17%), followed by White Female (9.32%) and Asian Male (6.38%).

Full-Time vs Part-Time Enrollment

93%

Full-Time Enrollment

The total enrollment at Rice University in 2024, both undergraduate and graduate, is 8,961 students. The full-time enrollment at Rice University is 8,332 and the part-time enrollment is 629. This means that 93% of students enrolled at Rice University are enrolled full-time compared with 77.3% 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%

2024 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 (82%), 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 (2024)

White
2,321 enrolled students
Asian
1,910 enrolled students
Hispanic or Latino
1,203 enrolled students

The enrolled student population at Rice University is 25.9% White, 21.3% Asian, 13.4% Hispanic or Latino, 7.06% Black or African American, 4% Two or More Races, 0.156% American Indian or Alaska Native, and 0.0558% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 46.2% White, 16.3% Hispanic or Latino, and 10.4% 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, 206 students (2.3%) did not report their race.

Graduates

In 2024, 475 fewer women than men received degrees from Rice University. The most common race/ethnicity group of degree recipients at Rice University is white (794 degrees awarded). There were 1.42 times more white recipients than the next closest race/ethnicity group, asian (558 degrees).

The most common Masters Degree concentration at Rice University is Other Management Sciences & Quantitative Methods (539 degrees awarded), followed by General Computer & Information Sciences (158 degrees) and Electrical And Computer Engineering (53 degrees).

In 2024, 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 (142 degrees awarded), Physical Sciences (132 degrees), and Architecture and Related Services (57 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 (583,018 people), Other managers (414,072 people), Miscellaneous engineers, including nuclear engineers (396,038 people), Civil engineers (320,304 people), and Mechanical engineers (225,536 people).

The most specialized majors at Rice University in 2024 are Math & Statistics (142 degrees awarded), Physical Sciences (132 degrees), Architecture and Related Services (57 degrees), Engineering (419 degrees), and Philosophy and Religious Studies (30 degrees) (as of 2024).

Highest Paying Jobs by Major

Magnetic resonance imaging technologists

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

The most specialized majors at Rice University are Math & Statistics (142 degrees awarded), Physical Sciences (132 degrees), Architecture and Related Services (57 degrees), Engineering (419 degrees), and Philosophy and Religious Studies (30 degrees) (as of 2024).

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 (632,286 people), Computer Systems Design (609,407 people), Colleges, universities & professional schools, including junior colleges (409,964 people), Construction (371,312 people), and Elementary & secondary schools (265,445 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 (2024)

General Computer & Information Sciences
166 degrees awarded
General Biological Sciences
107 degrees awarded
Other Management Sciences & Quantitative Methods
65 degrees awarded

In 2024, the most common bachelors degree concentration at Rice University was General Computer & Information Sciences with 166 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

1,620

Degrees Awarded to Men

in 2024

1,145

Degrees Awarded to Women

in 2024

In 2024, 1,620 degrees were awarded to men at Rice University, which is 1.41 times more than the number of degrees awarded to females (1,145).

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

Most Common Male Majors

In 2024, 387 degrees were awarded to men at Rice University in Other Management Sciences & Quantitative Methods, which is 1.78 times more than the 217 female recipients with that same degree.

Most Common Female Majors

In 2024, 217 degrees were awarded to men at Rice University in Other Management Sciences & Quantitative Methods, which is 0.561 times less than the 387 male recipients with that same degree.

Time to Complete

88%

100% Completion Time

94%

150% Completion Time

In 2024, 88% of students graduating from Rice University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 94% completed their degrees within 150% of the normal time, and 94% 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
794 degrees awarded
Asian
558 degrees awarded
Hispanic or Latino
313 degrees awarded

The most common race/ethnicity at Rice University is white (794 degrees awarded). There were 1.42 times more white recipients than the next closest race/ethnicity group, asian (558 degrees).

2.06% of degree recipients (57 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Male
578 degrees awarded
White Male
574 degrees awarded
White Male
564 degrees awarded

The most common race/ethnicity and sex grouping at Rice University is white male (578 degrees awarded). There were 1.01 times more white male recipients than the next closest race/ethnicity group, white male (574 degrees).

Operations

Rice University has an endowment valued at nearly $7.93B, as of the end of the 2024 fiscal year. The return on its endowment was of 617M (7.78%) compared to the 9.4% average return (23.7M on 252M) across all Doctoral Universities.

In 2024, Rice University had a total salary expenditure of 1.05B. Rice University employs 316 Professors, 198 Assistant professors and 158 Associate professors. Most academics at Rice University are Male Professor (239), Male Assistant professor (104), and Female Assistant professor (94).

The most common positions for non-instructional staff at Rice University are: Business and Financial Operations, with 629 employees, Research, with 504 employees, and Management with 454 employees.

Endowment

$7.93B

2024 Endowment

growth from 2023

Rice University has an endowment valued at about $7.93B, as of the end of the 2024 fiscal year. The endowment of Rice University grew 3% from the previous year. The value of their endowment was $7.68B 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

$466M

2024 Salaries

10.5%

growth from 2023

In 2024, Rice University paid a median of $466M in salaries, which represents 44.3% of their overall expenditure ($1.05B) and a 10.5% growth from the previous year. This is compared to a 10.2% growth between 2022 and 2023, and a 2.41% growth between 2021 and 2022.

Instructional Salaries

$136M

Instructional Salaries

818

Number of Employees

In 2024, Rice University paid a total of $136M to 818 employees working as instructors, which represents 29.1% of all salaries paid.

This is compared to a median of $4.1M (2.29%) for similar Doctoral Universities.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Rice University were Business and Financial Operations with 629 employees, Research with 504 employees, and Management with 454 employees.

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