Trustees Approve 1999-2000 Tuition and Fees

Trustees Approve 1999-2000 Tuition and Fees

RICE NEWS
March 25, 1999

The Rice University Board of Trustees has approved tuition and room and board charges for the 1999-2000 academic year. Tuition rates for undergraduate students enrolled at Rice in 1999-2000 will increase on average 3.3 percent above current rates.

Tuition for entering undergraduate students will be $15,350. This rate is an increase of $675 (4.6 percent) from the 1998-99 entering student rate of $14,675. The average increase in tuition for continuing students is $208, or 1.5 percent.

The tuition schedules for first-year students announced by several other highly selective universities for the 1999-2000 academic year include Princeton ($24,630, up 3.4 percent from $23,820), Dartmouth ($24,624, up 3 percent from $23,910), Stanford ($23,058, up 4.3 percent from $22,110) and Northwestern ($23,496, up 4.9 percent from $22,392).

The tuition for all Rice undergraduates is governed by the tuition indexing policy introduced in 1994 to help students and their families plan for the cost of their education.

Under the plan, annual increases in tuition after a student’s first year are tied to the increase in the Consumer Price Index (CPI) for the prior calendar year. The CPI is a measure of the average annual change in prices paid by urban consumers for a fixed basket of goods and services. The growth in the CPI for 1998 was 1.6 percent.

The 1999-2000 tuition levels for continuing students who enrolled under the tuition indexing plan are:

* $14,900 for students entering in 1998, up from $14,675;

* $14,350 for students entering in 1997, up from $14,150; and

* $13,650 for students entering in 1996, up from $13,450.

Maximum room and board rates will increase to $6,600, a growth of 3.1 percent above 1998-99 rates of $6,400. Mandatory fees will be no more than $447.85, an increase of $22.50 for the health service, shuttle and athletic events fees.

Tuition for Rice graduate students for the 1999-2000 academic year will increase $800 (5.2 percent) to $16,100. Tuition for students enrolling at the Jesse H. Jones Graduate School of Management will be $17,000 for the MBA program.