Annual Costs

Undergraduate Tuition

Tuition for Rice University is $44,900 for the 2017/2018 academic year. This is 62% more expensive than the national average private non-profit four year college tuition of $27,755. The cost is 192% more expensive than the average Texas tuition of $15,399 for 4 year colleges. Tuition ranks 91st in Texas amongst 4 year colleges for affordability and is the 2nd most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional fees of $708 in addition to tuition bringing the total effective in-state tuition to $45,608.

Housing Costs

On campus room and board is provided by the school at a cost of $13,850 per academic year. Students electing to live off campus elsewhere in Houston should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,200.

Other Living Expenses

If living on-campus, students should budget for $2,500 in additional living expenses. Off-campus students should budget for $2,500 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Rice University was $63,158 for the 2017/2018 academic year. The cost is the same for all students regardless of Texas residence status as there is no in-state discount.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for Rice University and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Rice University
Estimated Budgets
Texas Resident Total Budget $63,158
   In-State Tuition$44,900
   Other Fees$708
   Room and Board$13,850
   On-Campus Other Budget$2,500
   Books and Supplies$1,200
Non-Resident Total Budget $63,158
   Out-of-State Tuition$44,900
   Other Fees$708
   Room and Board$13,850
   On-Campus Other Budget$2,500
   Books and Supplies$1,200


What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $63,158 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Rice University net price for in-state students is $20,512* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

58% of Rice University students received grant aid in 2014/2015. The average total aid amount was $33,779. 15 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,280. To apply for a Pell Grant to attend Rice University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Rice University
Financial Aid Summary
Average Annual Net Price$20,512*
Percent of Students Receiving Grant Aid58%
Average Total Grant Aid$33,779
Percent of Students Receiving Pell Grants15%
Average Amount of Pell Grant Aid$4,280

Average Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$6,468
$30,001 to $48,000$6,083
$48,001 to $75,000$11,537
$75,001 to $110,000$22,683

Average Financial Aid Mix - $63,158 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $63,158. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.


Grants and Scholarships

 56% - $33,779

Money granted to you by the U.S. Department of Education, Rice University or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 7% - $4,375

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 37% -  $22,504

Covered by family savings, work or private student loans which you will have to repay.

*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Is it Worth the Cost?

To make a comparative assessment if Rice University is worth the price, measures of it's relative value for tuition dollar can be examined. We've calculated an academic national percentile rating of 98/100 for Rice University. Considering an average net price paid of $19,675, this leads to an overall value ranking of 79/100. This places the school 45th on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at Rice University.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Rice University is $252,632 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $19,675 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $78,700**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $315,790 or $98,375 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at Rice University.

Texas Resident Tuition Per Semester$22,450
Texas Resident Total Cost Per Semester$31,579

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Rice University are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at Rice University
Price per credit hour$1,871
Cost for one class (3 credit hours)$5,613
Cost for one class (4 credit hours)$7,484


Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 17% of Rice University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $4,375. The reported average student debt upon graduation is $17,856.

Example Loan Payments and Costs

How much are student loan payments for Rice University? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $78,700, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $97,648.65. This could be your effective total out of pocket cost of an education at Rice University. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 58% of students at this school who receive financial aid and you are paying an average annual net price of $19,675. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Rice University student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

Rice University Student Loan Payments
Example Payments
Monthly Loan Payment$813.74
Amount Borrowed$78,700.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$18,948.65
Sum of All Payments over 10 years$97,648.65

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Rice University? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Rice University, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $97,648.65 would be needed to afford a $813.74 monthly payment in the example $78,700.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Rice University in the future? In the past four years, this school's published in-state tuition and fee total rose from $36,610 to $44,900. This amounts to an average annual price increase of 4.5%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 4 year cost of $252,632.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Rice University.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$86,857$347,428
Estimated Cost in 10 years for students enrolling in 2029$110,854$443,416
Estimated Cost in 15 years for students enrolling in 2034 $141,481$565,923
Estimated Cost in 18 years for students enrolling in 2037 $163,782$655,127

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Rice University to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Biochemistry Bachelor's Degree 58 36% costlier
Mechanical Engineering Bachelor's Degree 49 49% costlier
Architecture Bachelor's Degree 42 32% costlier
Bioengineering and Biomedical Engineering Bachelor's Degree 40 23% costlier
Sport and Fitness Administration/Management Bachelor's Degree 23 68% costlier
Chemical Engineering Bachelor's Degree 23 38% costlier
Ecology Bachelor's Degree 21 46% costlier
Economics, General Bachelor's Degree 21 41% costlier
Business Administration and Management, General Bachelor's Degree 20 83% costlier
Biology/Biological Sciences, General Bachelor's Degree 18 56% costlier
Psychology, General Bachelor's Degree 12 56% costlier
Political Science and Government, General Bachelor's Degree 9 52% costlier
Asian Studies/Civilization Bachelor's Degree 7 21% costlier
History, General Bachelor's Degree 7 54% costlier
English Language and Literature, General Bachelor's Degree 6 57% costlier
Geology/Earth Science, General Bachelor's Degree 6 53% costlier
Mathematics, General Bachelor's Degree 6 54% costlier
Philosophy Bachelor's Degree 6 40% costlier
Statistics, General Bachelor's Degree 6 40% costlier
Chemical Physics Bachelor's Degree 5 9% costlier
Linguistics Bachelor's Degree 4 27% costlier
Visual and Performing Arts, General Bachelor's Degree 4 56% costlier
Applied Mathematics, General Bachelor's Degree 4 40% costlier
Public Policy Analysis, General Bachelor's Degree 4 14% costlier
Cognitive Science Bachelor's Degree 3 17% costlier
Materials Engineering Bachelor's Degree 3 31% costlier
Sociology Bachelor's Degree 3 53% costlier
Kinesiology and Exercise Science Bachelor's Degree 3 64% costlier
Religion/Religious Studies Bachelor's Degree 3 33% costlier
Spanish Language and Literature Bachelor's Degree 3 47% costlier
Chemistry, General Bachelor's Degree 2 52% costlier
Art/Art Studies, General Bachelor's Degree 2 61% costlier
French Language and Literature Bachelor's Degree 2 37% costlier
Astrophysics Bachelor's Degree 2 10% costlier
Classical, Ancient Mediterranean and Near Eastern Studies and Archaeology Bachelor's Degree 2 7% costlier
Multi-/Interdisciplinary Studies, Other Bachelor's Degree 2 51% costlier
Electrical and Electronics Engineering Bachelor's Degree 2 50% costlier
Women's Studies Bachelor's Degree 1 33% costlier
Civil Engineering, General Bachelor's Degree 1 49% costlier
Anthropology Bachelor's Degree 1 40% costlier
Classics and Classical Languages, Literatures, and Linguistics Bachelor's Degree 1 19% costlier
Environmental/Environmental Health Engineering Bachelor's Degree 1 33% costlier
Computer and Information Sciences, General Bachelor's Degree 1 71% costlier
Physics, General Bachelor's Degree 1 44% costlier
German Language and Literature Bachelor's Degree 1 34% costlier
Music, General Bachelor's Degree 1 53% costlier
Medieval and Renaissance Studies Bachelor's Degree 1 6% costlier


Use the calculators below to formulate a college savings plan for Rice University or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Rice University in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Rice University student loan.

Prepayment Option

About Rice University

Rice University is a four year private college located in Houston, Texas.  Full time enrollment is 6,565 and part time is 290.

Students attending this school may pursue both undergraduate and graduate degrees.

Rice University
6100 S Main
Houston, Texas

For Profit / Not For Profit Status

Rice University is a private not for profit institution.

Rice University cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=227757 IPEDS survey data.