Rice University

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2022 Undergraduate Tuition
$54,100
3.9% growth from 2021
2022 Average Net Price
$19,902
After Financial Aid
2022 Acceptance Rate
8.68%
31,443 Applicants
2022 Enrolled Students
8,672
92.2% Full-Time
2022 Graduation Rate
93.6%
912 Graduates

About

Rice University is a higher education institution located in Harris County, TX. In 2022, the most popular Masters Degree concentrations at Rice University were Other Management Sciences & Quantitative Methods (604 degrees awarded), General Computer & Information Sciences (70 degrees), and Stringed Instruments (40 degrees).

In 2022, 2,595 degrees were awarded across all undergraduate and graduate programs at Rice University. 41.9% of these degrees were awarded to women, and 58.1% awarded men. The most common race/ethnicity group of degree recipients was white (925 degrees), 1.93 times more than then the next closest race/ethnicity group, asian (479 degrees).

The median undergraduate tuition at Rice University is $54,100, which is $23,950 more than the national average for Doctoral Universities ($30,150).

About the photo: Duncal Hall at Rice University

Costs

In 2022, the median undergraduate tuition at Rice University is $54,100, which is $23,950 more than the national average for Doctoral Universities ($30,150).

After taking grants and loans into account, the average net price for students is $19,902.

In 2022, 63% of undergraduate students attending Rice University received financial aid through grants. Comparatively, 7% of undergraduate students received financial aid through loans.

Tuition Costs

$54,100
2022 Undergraduate Tuition

In 2022, the cost of tuition at Rice University was $54,100. The cost of tuition at Rice University is $23,950 more than than the overall (public and private) national average for Doctoral Universities ($30,150).

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

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Average Net Price

$19,902
2022 Value
7.46%
1 Year Growth

In 2022 Rice University had an average net price — the price paid after factoring in grants and loans — of $19,902. Between 2021 and 2022, the average net price of Rice University grew by 7.46%.

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

$14,800
Room and Board
$1,300
Books and Supplies

The average yearly cost of room and board at Rice University was of $14,800 in 2022. The cost of room and board increased by 2.07% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,300. The cost of books and supplies increased by 4% 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 by Income Level

63%
Undergraduates Receiving Financial Aid through Grants
7%
Undergraduates Receiving Financial Aid through Loans

63% of undergraduate students at Rice University received financial aid through grants or loans in 2022. This represents a decline of 1.56% with respect to 2021, 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.

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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%
2019 Default Rate
0
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.

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Admissions

Rice University received 31,443 undergraduate applications in 2022, which represents a 6.43% annual growth. Out of those 31,443 applicants, 2,730 students were accepted for enrollment, representing a 8.68% acceptance rate.

There were 8,672 students enrolled at Rice University in 2022. 53% of first-time enrollees submitted SAT scores with their applications.

Rice University has an overall enrollment yield of 44.1%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

8.68%
Acceptance Rate in 2022
2,730
Accepted Out of 31,443

In 2022, the undergraduate acceptance rate of Rice University was 8.68% (2,730 admissions from 31,443 applications). This is lower than the acceptance rate of 2021, which was 9.48%. Between 2021 and 2022, the number of applicants grew by 6.43%, while admissions declined by −2.57%..

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.

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SAT Scores

53%
Submission Percentage (2022)
635
Scores Submitted (2022)

53% of enrolled first-time students at Rice University in 2022 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.

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Enrollment

Rice University had a total enrollment of 8,672 students in 2022. The full-time enrollment at Rice University is 7,998 students and the part-time enrollment is 674. This means that 92.2% of students enrolled at Rice University are enrolled full-time.

The enrolled student population at Rice University, both undergraduate and graduate, is 27.6% White, 20.5% Asian, 12% Hispanic or Latino, 6.94% Black or African American, 3.46% Two or More Races, 0.0692% Native Hawaiian or Other Pacific Islanders, and 0.0692% American Indian or Alaska Native.

Students enrolled at Rice University in full-time Undergraduate programs are most commonly White Male (16.1%), followed by Asian Female (15.8%) and Asian Male (13.4%). Students enrolled in full-time Graduate programs are most commonly White Male (18.5%), followed by White Female (8.88%) and Asian Male (6.05%).

Full-Time vs Part-Time Enrollment

92.2%
Full-Time Enrollment

The total enrollment at Rice University in 2022, both undergraduate and graduate, is 8,672 students. The full-time enrollment at Rice University is 7,998 and the part-time enrollment is 674. This means that 92.2% of students enrolled at Rice University are enrolled full-time compared with 77.4% 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%
2022 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    2,396 enrolled students
  2. Asian
    1,775 enrolled students
  3. Hispanic or Latino
    1,042 enrolled students

The enrolled student population at Rice University is 27.6% White, 20.5% Asian, 12% Hispanic or Latino, 6.94% Black or African American, 3.46% Two or More Races, 0.0692% Native Hawaiian or Other Pacific Islanders, and 0.0692% 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 47.5% White, 15.5% Hispanic or Latino, and 9.58% 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, 152 students (1.75%) did not report their race.

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Graduates

In 2022, 421 fewer women than men received degrees from Rice University. The most common race/ethnicity group of degree recipients at Rice University is white (925 degrees awarded). There were 1.93 times more white recipients than the next closest race/ethnicity group, asian (479 degrees).

The most common Masters Degree concentration at Rice University is Other Management Sciences & Quantitative Methods (604 degrees awarded), followed by General Computer & Information Sciences (70 degrees) and Stringed Instruments (40 degrees).

In 2022,  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 (137 degrees awarded), Physical Sciences (122 degrees), and Philosophy and Religious Studies (37 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 (517,222 people), Other managers (404,678 people), Miscellaneous engineers, including nuclear engineers (370,939 people), Civil engineers (286,350 people), and Postsecondary teachers (228,228 people).

The most specialized majors at Rice University in 2022 are Math & Statistics (137 degrees awarded), Physical Sciences (122 degrees), Philosophy and Religious Studies (37 degrees), Engineering (365 degrees), and Parks, Recreation, & Leisure (104 degrees) (as of 2022).

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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 Podiatrists, Surgeons, Cardiovascular technologists and technicians, Securities, commodities, & financial services sales agents, and Physicians

The most specialized majors at Rice University are Math & Statistics (137 degrees awarded), Physical Sciences (122 degrees), Philosophy and Religious Studies (37 degrees), Engineering (365 degrees), and Parks, Recreation, & Leisure (104 degrees) (as of 2022).

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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 (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).

The most specialized majors at Rice University are Math & Statistics (137 degrees awarded), Physical Sciences (122 degrees), Philosophy and Religious Studies (37 degrees), Engineering (365 degrees), and Parks, Recreation, & Leisure (104 degrees) (as of 2022).

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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.
Most Common (2022)
  1. 121 degrees awarded
  2. 77 degrees awarded
  3. 60 degrees awarded

In 2022, the most common bachelors degree concentration at Rice University was General Computer & Information Sciences with 121 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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Sex Breakdown for Common Majors

1,508
Degrees Awarded to Men
in 2022
1,087
Degrees Awarded to Women
in 2022

In 2022, 1,508 degrees were awarded to men at Rice University, which is 1.39 times more than the number of degrees awarded to females (1,087).

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

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Most Common Male Majors

In 2022, 427 degrees were awarded to men at Rice University in Other Management Sciences & Quantitative Methods, which is 2.41 times more than the 177 female recipients with that same degree.

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Most Common Female Majors

In 2022, 177 degrees were awarded to men at Rice University in Other Management Sciences & Quantitative Methods, which is 0.415 times less than the 427 male recipients with that same degree.

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Time to Complete

85%
100% Completion Time
94%
150% Completion Time

In 2022, 85% 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 95% 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.
Two or More Races Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 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 (73.2%).

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, 1.86% of graduates (17 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    925 degrees awarded
  2. Asian
    479 degrees awarded
  3. Hispanic or Latino
    318 degrees awarded

The most common race/ethnicity at Rice University is white (925 degrees awarded). There were 1.93 times more white recipients than the next closest race/ethnicity group, asian (479 degrees).

1.81% of degree recipients (47 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Male
    578 degrees awarded
  2. White Female
    347 degrees awarded
  3. Asian Male
    240 degrees awarded

The most common race/ethnicity and sex grouping at Rice University is white male (578 degrees awarded). There were 1.67 times more white male recipients than the next closest race/ethnicity group, white female (347 degrees).

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Operations

Rice University has an endowment valued at nearly $7.84B, as of the end of the 2022 fiscal year. The return on its endowment was of −NaNM (−0.0804%) compared to the 1.13% average return (4.2M on 373M) across all Doctoral Universities.

In 2022, Rice University had a total salary expenditure of 836M. Rice University employs 315 Professors, 168 Assistant professors and 122 Lecturers. Most academics at Rice University are Male Professor (234), Male Assistant professor (94), and Female Professor (81).

The most common positions for non-instructional staff at Rice University are: Computer, Engineering, and Science, with 677 employees, Business and Financial Operations, with 497 employees, and Management with 334 employees.

Endowment

$7.84B
2022 Endowment
2.91%
decline from 2021

Rice University has an endowment valued at about $7.84B, as of the end of the 2022 fiscal year. The endowment of Rice University declined 2.91% from the previous year. The value of their endowment was $7.47B 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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Salary Expenditure

$383M
2022 Salaries
2.41%
growth from 2021

In 2022, Rice University paid a median of $383M in salaries, which represents 45.8% of their overall expenditure ($836M) and a 2.41% growth from the previous year.

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

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Instructional Salaries

$118M
Instructional Salaries
746
Number of Employees

In 2022, Rice University paid a total of $118M to 746 employees working as instructors, which represents 30.9% of all salaries paid.

This is compared to a median of $73.7M (30%) for similar Doctoral Universities.

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Occupations by Share

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

In 2022, the most common positions for instructional staff at Rice University were Professor with 315 employees, Assistant professor with 168 employees, and Lecturer with 122 employees.

In 2022, the most common positions for non-instructional staff at Rice University were Computer, Engineering, and Science with 677 employees, Business and Financial Operations with 497 employees, and Management with 334 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Male Professor
  2. Male Assistant professor
  3. Female Professor

In 2022, the most common demographic for instructional staff at Rice University was Male Professor with 234 employees, Male Assistant professor with 94 employees, and Female Professor with 81 employees.

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

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