Rice University

www.rice.edu

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2023 Undergraduate Tuition

$57,210

5.75% growth from 2022

2023 Average Net Price

$20,587

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

7.88%

31,059 Applicants

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 2023, 2,924 degrees were awarded across all undergraduate and graduate programs at Rice University. 41.2% of these degrees were awarded to women, and 58.8% awarded men. The most common race/ethnicity group of degree recipients was white (855 degrees), 1.54 times more than then the next closest race/ethnicity group, asian (557 degrees).

The median undergraduate tuition at Rice University is $57,210, which is $26,207 more than the national average for Doctoral Universities ($31,004).

In 2020 the default rate for borrower's at Rice University was 0%, corresponding to 0 out of the 437 total borrowers.

About the photo: Duncal Hall at Rice University

Photo by Tendenci Software

Doctoral Universities: Highest Research Activity Doctoral Universities

Costs

In 2023, the median undergraduate tuition at Rice University is $57,210, which is $26,207 more than the national average for Doctoral Universities ($31,004).

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.

Tuition Costs

$57,210

2023 Undergraduate Tuition

In 2023, the cost of tuition at Rice University was $57,210. The cost of tuition at Rice University is $26,207 more than than the overall (public and private) national average for Doctoral Universities ($31,004).

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

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.

Other Student Expenses

$15,000

Room and Board

$1,350

Books and Supplies

The average yearly cost of room and board at Rice University was of $15,000 in 2023. The cost of room and board increased by 1.35% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,350. The cost of books and supplies increased by 3.85% 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

63%

Undergraduates Receiving Financial Aid through Grants

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.

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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Rice University was 0%, which represents 0 out of the 437 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 31,059 undergraduate applications in 2023, which represents a 1.22% annual growth. Out of those 31,059 applicants, 2,447 students were accepted for enrollment, representing a 7.88% acceptance rate.

There were 8,556 students enrolled at Rice University in 2023. 50% of first-time enrollees submitted SAT scores with their applications.

Rice University has an overall enrollment yield of 46%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

7.88%

Acceptance Rate in 2023

2,447

Accepted Out of 31,059

In 2023, the undergraduate acceptance rate of Rice University was 7.88% (2,447 admissions from 31,059 applications). This is lower than the acceptance rate of 2022, which was 8.68%. Between 2022 and 2023, the number of applicants declined by 1.22%, while admissions declined by 10.4%.

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

50%

Submission Percentage (2023)

567

Scores Submitted (2023)

50% of enrolled first-time students at Rice University in 2023 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 8,556 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.

Retention Rate over Time

98%

2023 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 (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 (2023)

White
2,261 enrolled students
Asian
1,801 enrolled students
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. By comparison, enrollment for all Doctoral Universities is 46.5% White, 15.9% Hispanic or Latino, and 9.78% 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, 155 students (1.81%) did not report their race.

Graduates

In 2023, 514 fewer 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

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 (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).

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, Securities, commodities, & financial services sales agents, and Physicians

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).

Common Industries by Major

Computer Systems Design

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 (566,939 people), Architectural, engineering & related services (467,237 people), Colleges, universities & professional schools, including junior colleges (419,635 people), Construction (318,515 people), and Elementary & secondary schools (312,104 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 (2023)

Other Management Sciences & Quantitative Methods
631 degrees awarded
General Computer & Information Sciences
281 degrees awarded
Electrical And Computer Engineering
43 degrees awarded

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.

Sex Breakdown for Common Majors

1,719

Degrees Awarded to Men

in 2023

1,205

Degrees Awarded to Women

in 2023

In 2023, 1,719 degrees were awarded to men at Rice University, which is 1.43 times more than the number of degrees awarded to females (1,205).

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

Most Common Male Majors

In 2023, 433 degrees were awarded to men at Rice University in Other Management Sciences & Quantitative Methods, which is 2.18 times more than the 199 female recipients with that same degree.

Most Common Female Majors

In 2023, 199 degrees were awarded to men at Rice University in Other Management Sciences & Quantitative Methods, which is 0.46 times less than the 433 male recipients with that same degree.

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.

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, Non-resident Alien Male students have the highest graduation rate (65.7%).

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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
855 degrees awarded
Asian
557 degrees awarded
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.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Male
545 degrees awarded
White Female
310 degrees awarded
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).

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 4.37% average return (19M on 434M) 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).

The most common positions for non-instructional staff at Rice University are: Business and Financial Operations, with 563 employees, Research, with 463 employees, and Management with 369 employees.

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 $7.27B 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

$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.

The median for similar Doctoral Universities is 246M (41.5% of overall expenditures).

Instructional Salaries

$127M

Instructional Salaries

779

Number of Employees

In 2023, Rice University paid a total of $127M to 779 employees working as instructors, which represents 30% of all salaries paid.

This is compared to a median of $6.13M (2.35%) for similar Doctoral Universities.

Occupations by Share

Professor

Most Common Instructor

318 Employees

Business and Financial Operations

Most Common Non-Instructional Employee

563 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.

In 2023, the most common positions for non-instructional staff at Rice University were Business and Financial Operations with 563 employees, Research with 463 employees, and Management with 369 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Male Assistant professor
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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