MIT vs. Rice

Should I go to Massachusetts Institute of Technology or Rice University? Compare 50+ facts and figures about the colleges to help you determine if MIT or Rice is the better college for you. The CollegeSimply comparison tool allows side-by-side comparison of 50+ statistics and facts for over 2,500 colleges and universities.

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Massachusetts Institute of Technology vs. Rice University comparison
Massachusetts Institute of Technology Rice University College 3 College 4
Massachusetts Institute of Technology Rice University
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Overview

MIT Rice
Location Cambridge, MA Houston, TX
Setting Midsize City Large City
Enrollment 11,858 8,672
Type Private 4 Year Private 4 Year
National Ranking #8 #9
Religious Affiliation - - - -
Status Non-profit Non-profit
Website mit.edu rice.edu
Team Colors                    

Costs

MIT Rice
Tuition (In State) $57,590 $54,100
Tuition (Out of State) $57,590 $54,100
Room & Board $18,790 $15,000
Avg Net Price $20,232 $19,902
Avg Grant Aid $45,591 $51,955
% Receiving Grant Aid 71% 56%

Admission

MIT Rice
Admission Chances Calculate Calculate
Applied 33,767 31,443
Admitted 1,337 2,730
Acceptance Rate 4% 8.7%
Enrolled % 85% 44.1%
Avg High School GPA 3.96 3.96
Typical High School Grades A- A-
Admissions Standards Elite Elite
Applicant Competition Extreme Extreme
ACT Range 35/36 34/36
SAT Range 1530/1580 1490/1570
Submit Test Scores Required to be considered for admission Not required for admission, but considered if submitted (Test Optional)
Application Deadline Jan 1, 2024 Jan 1, 2024

Academics

MIT Rice
Student to Faculty Ratio 3:1 6:1
Popular Majors
  • Engineering (41%)
  • Computer and Information Sciences (13%)
  • Physical Sciences (10%)
  • Mathematics (8%)
  • Biology (8%)
  • Social Sciences (18%)
  • Engineering (18%)
  • Biology (10%)
  • Recreation, Leisure and Fitness Studies (7%)
  • Visual and Performing Arts (6%)

Outcomes

MIT Rice
Graduation Rate 93% 92%
Median Earnings (After 10 years) $142,100 $86,400
Making Student Loan Payments 92% 87%
Median Student Loan Debt $17,316 $10,227
Median Loan Payment $179 $105

Diversity

MIT Rice
% Men 57% 57%
% Women 43% 43%
Racial Diversity Very High Very High
HBCU No No
% White 37% 37%
% Black 6% 7%
% Hispanic 15% 14%
% Native American 0% 0%
% Pacific Islander 0% 0%
% Two or More Races 6% 4%
% International 10% 12%
% Unknown Race 2% 2%

Students

MIT Rice
% In-State 7% 36%
% Out-of-State 81% 47%

Campus

MIT Rice
Campus Housing Yes Yes
Freshman Dorm Required No No
Meal Plan Yes Yes
Weekend/Evening Classes No Yes
Daycare Facility Yes No
Learn More Details Details

Comparable Facts

  • Massachusetts Institute of Technology is larger than than Rice based on total student enrollment (11,858 students vs. 8,672 students)

MIT vs. Rice Cost Comparison

Which college is more expensive, MIT or Rice?

  • Massachusetts Institute of Technology is 6.5% more expensive to attend than Rice for in-state tuition ($57,590.00 vs. $54,100.00)
  • Out of state tuition is 6.5% higher at MIT than Rice University ($57,590.00 vs. $54,100.00)
  • The typical actual cost that students pay to attend (average net price) is less at Rice University than MIT ($19,902 vs. $20,232)
  • Living costs (room and board or off-campus housing budget) at Rice University are 25.3% lower than costs at Massachusetts Institute of Technology ($15,000 vs. $18,790)
  • More students receive financial grant aid at Massachusetts Institute of Technology than Rice University (71% vs. 56%)
  • The average total grant financial aid received by Rice University students is 14% larger than aid received Massachusetts Institute of Technology ($51,955 vs. $45,591)

MIT vs. Rice Admissions Difficulty Comparison

Which college is harder to get into, MIT or Rice? Average SAT and ACT scores plus acceptance rates offer good insight into the difficulty of admission between Rice or MIT .

  • The average SAT score at Massachusetts Institute of Technology (1507) is 25 points higher than at Rice (1482)
  • Incoming MIT students have at the same average ACT score (34) as students at Rice (34)
  • Accepted freshman MIT students have at the same average high school GPA (3.96) as students at Rice (3.96)
  • Rice has a higher acceptance rate (8.7%) than MIT (4%)

MIT vs. Rice Graduation Outcomes Comparison

Which is better, MIT or Rice? Graduation rate, salary and amount of student loan debt are indicators of a college which offers better outcomes for its graduates. Compare the following outcomes facts between Rice and MIT.

  • The graduation rate at MIT is higher than Rice University (93% vs. 92%)
  • Graduates from Massachusetts Institute of Technology earn on average $55,700 more per year than Rice graduates after ten years. ($142,100 vs. $86,400)
  • Rice University students graduate with a $7,089 lower median federal student loan debt than MIT graduates. ($10,227 vs. $17,316)
  • Rice graduates are paying $74 less per month on federal student loans than MIT graduates. ($105 vs. $179)
  • More MIT graduates are actively paying back their federal student loan debt than former Rice students, three years after graduation. (92% vs. 87%)

Sources: U.S. Department of Education https://nces.ed.gov IPEDS and College Scorecard https://collegescorecard.ed.gov/