R
#9 Best Colleges in America

Rice Tuition & Cost

Houston, Texas

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How much does it cost to attend?

Sticker Price
$69,557
Costs for Rice University
Fee Cost
Tuition$50,310
Books and Supplies$1,250
Other Fees$797
Room and Board $14,500
Other Expenses Budget$2,700

Annual Prices

The annual list price to attend Rice University on a full time basis for 2020/2021 is $69,557 for all students regardless of their residency. This fee is comprised of $50,310 for tuition, $14,500 room and board, $1,250 for books and supplies and $797 for other fees. Out of state tuition for Rice University is $50,310, the same as Texas residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

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 2019/2020
$19,215
Net Price by Income Rice University
Family Income Net Price Paid
$0 to $30,000$4,443
$30,001 to $48,000$1,340
$48,001 to $75,000$6,152
$75,001 to $110,000$19,697
$110,000+$42,730

The average reported annual net price for Rice University for students receiving grants or scholarship aid was $19,215 in 2019/2020. 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

62% 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 $47,887 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 9% of students received Federal Student Loans averaging $5,019 and 2% of undergrads took out private student loans averaging $19,579.

Finanical Aid Rice University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $47,887 62%
Institutional Grants and Scholarships $45,433 60%
Pell Grants $5,189 16%
Other Federal Grants $1,368 45%
State and Local Grants $3,420 0%
Federal Student Loans $5,019 9%
Other Student Loans $19,579 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
$278,228
Year All Residents
1 $69,557
2 $72,486
3 $75,538
4 $78,719

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 $278,228 - 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 $2,096 $6,288 $8,384

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.