Rice University announces tuition for fall 2018

Rice University’s undergraduate tuition for the 2018-19 school year will be $46,600. The total cost, including $14,000 for room and board and $750 in mandatory fees, will increase 3.2 percent to $61,350.

Top portion of a Rice diploma is shown.The university will increase the financial aid budget for 2018-19 by more than 10 percent to help all students who qualify for need-based aid meet the higher cost of attendance, including additional resources for personal expenses.

As in previous years, Rice meets the full need of admitted students. Rice will continue its policy of not requiring incoming freshmen to take out loans during their time at Rice to pay for their education if they qualify for need-based aid and their annual family income is $80,000 or less. Other students who have demonstrated financial need are not required to take out more than a total of $10,000 in federal loans for their four undergraduate years at Rice. About 72 percent of Rice students graduate without debt.

One of the goals for the second decade of Rice’s Vision for the Second Century is to expand access and diversity, which will require building on the university’s history of recruiting high-achieving individuals from under-resourced and middle-class families and assuring affordability by implementing and funding financial aid policies that allow them to attend Rice and experience its full range of educational opportunities.

“We intend to address the needs of students from middle-class families, who are increasingly finding themselves priced out of the best in private higher education,” President David Leebron said.

Rice is one of the founding members of the American Talent Initiative, an organization devoted to expanding access to higher education among talented students from lower-income families.

Sixty-nine percent of the freshman class in fall 2016 received some form of financial aid from Rice and/or the state and federal governments. About 15 percent of Rice undergraduates currently receive federal Pell Grants. Almost 25 percent of students receive scholarship aid that covers or exceeds the cost of tuition.

As a result of generous financial aid and tuition that tends to be lower than at peer research universities, Rice is often named one of the country’s best-value private schools. For example, Rice is No. 8 on Kiplinger’s combined list of public and private best-value colleges and universities for 2018 and No. 5 among private universities. Rice is No. 17 among the “Top 50 Colleges That Pay You Back” in the 2018 edition of the Princeton Review’s guidebook that features schools noted for stellar academics, affordable cost via a comparatively low sticker price and generous financial aid and strong career prospects for graduates.

Yvonne Romero da Silva, vice president for enrollment, noted that Rice’s best-value rankings are complemented by Rice’s No. 14 ranking by U.S. News and World Report and No. 1 ranking for quality of life and race/class interaction by the Princeton Review. “It’s evident that students who come to Rice are getting a great value for an exceptional educational experience,” she said.

Graduate education costs for 2018-19 vary for different programs. Tuition for most doctoral students will increase 3.8 percent to $46,600. Tuition for graduate students in architecture will be $31,722. Tuition for graduate students in music will be $28,280. Tuition for students entering the professional master’s programs will be $20,000 for religion, $35,000 for global affairs and for human-computer interaction and human factors, $38,000 for natural sciences, $46,200 for engineering and $56,000 for energy economics. Tuition will be $58,000 for students in the full-time MBA program at Rice’s Jones Graduate School of Business. Tuition for other Jones School programs will be $53,000 for the Master of Accounting, $104,500 for the MBA@Rice and also for the Evening MBA for Professionals, $109,500 for the Weekend MBA for Professionals and $125,000 for the Executive MBA.

For more information on Rice, visit www.rice.edu. For information about financial aid programs and to apply, see www.futureowls.rice.edu.

About B.J. Almond

B.J. Almond is senior director of news and media relations in Rice University's Office of Public Affairs.