R
#8 Best Colleges in America

Rice Tuition & Cost

Houston, Texas

 2 Reviews

How much does it cost to attend?

Sticker Price
$67,102
Costs for Rice University
Fee Cost
Tuition$48,330
Books and Supplies$1,200
Other Fees$782
Room and Board $14,140
Other Expenses Budget$2,650

Annual Prices

The annual list price to attend Rice University on a full time basis for 2018/2019 is $67,102 for all students regardless of their residency. This fee is comprised of $48,330 for tuition, $14,140 room and board, $1,200 for books and supplies and $782 for other fees. Out of state tuition for Rice University is $48,330, the same as Texas residents.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Rice University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$20,335
Net Price by Income Rice University
Family Income Net Price Paid
$0 to $30,000$3,437
$30,001 to $48,000$7,534
$48,001 to $75,000$7,318
$75,001 to $110,000$24,321
$110,000+$41,517

The average reported annual net price for Rice University for students receiving grants or scholarship aid was $20,335 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

58% of full-time undergrad Rice University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $44,815 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 12% of students received Federal Student Loans averaging $4,630 and 2% of undergrads took out private student loans averaging $19,252.

Finanical Aid Rice University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $44,815 58%
Institutional Grants and Scholarships $42,560 58%
Pell Grants $4,795 17%
Other Federal Grants $2,938 3%
State and Local Grants $3,845 11%
Federal Student Loans $4,630 12%
Other Student Loans $19,252 2%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Rice University, we've modeled a ten year student loan with an original principal value of $78,700. The loan balance of $78,700 is a four year multiple of the $19,675 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $751 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $78,700
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $750.88
Total Interest Paid $11,406.18
Sum of All Loan Payments $90,106.18

Projected 4 Year Degree Price

4 Year Sticker Price
$268,408
Year All Residents
1 $67,102
2 $69,946
3 $72,910
4 $75,999

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Rice University to be $268,408 - assuming graduation in normal time. The estimation assumes a 4.2% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Rice University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $2,014 $6,042 $8,056

Estimated cost for a class at Rice University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Rice University versus other colleges.

Tuition Payment Plans Available

Rice University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan Yes
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=227757 IPEDS survey data for Rice University.