college_name
Prev RANK: 17, Best Selective Colleges Next
Overall Score: 83.01

Rice University

Houston, TX http://www.rice.edu/
Rice University is one of the most elite private colleges in the south, with an acceptance rate of 8.5% and a graduation rate of 94%. Classes are small at the Houston-based university, with a tiny 6:1 student-faculty ratio, and undergraduates have opportunities to work with some of the world's top researchers. Popular majors include social sciences, engineering and natural sciences, though Rice offers more than 80 undergrad programs in all. Rice is relatively diverse: Undergraduate students are almost evenly split between men and women, about 35% are Asian, and 17% are Hispanic. Rice doesn't have fraternities or sororities, and social life revolves around residential houses, where some 75% of undergrads live. People compete in activities such as water balloon fights and the annual Beer Bike relay race, which requires cyclists to chug beer (or water) and then pedal laps. Rice also attracts prestigious speakers and events. Its stadium has hosted a Super Bowl, and President John F. Kennedy delivered a famous speech about the space race there in 1962. Notable alumni include astronaut Peggy Whitson and former White House press secretary Josh Earnest.

Costs

Est. full price 2022-2023
$71,500
% of students who get any grants
64%
Est. price for students who receive aid
$20,300
Average price for low-income students
$4,440

Admissions

Acceptance rate
9%
Median SAT/ACT score
1520/34
SAT/ACT required?
No
Undergraduate enrollment
3,980

Financial Aid

% of students with need who get grants
97%
% of need met
100%
% of students who get merit grants
8%
Average merit grant
$19,050

Student Success

Graduation rate
94%
Average time to a degree
4.1 years
Median student debt
$12,000
Early career earnings
$77,680
% earning more than a high school grad
83%

Notes: Students who get merit grants are full-time undergraduates who had no financial need and were awarded grants. Graduation rate measures degree completion within six years for both transfer students and first-time students. Early career earnings are the median earnings for both graduates and non-completers, 10 years after they first enrolled.

Sources: U.S. Department of Education, Peterson’s, Money/Witlytic calculations.

More From Money’s College Team

  • Recent College News

    Recent College News

    Read the latest Money coverage on paying for college, succeeding on campus and transitioning to the working world.
  • How to Apply for the FAFSA

    How to Apply for the FAFSA

    The application is the gateway to billions of dollars in financial aid for college.
  • Best Student Loans

    Best Student Loans

    Learn all about private student loans with Money's expert guide.