Rice University announces tuition for fall 2019

Rice University’s undergraduate tuition for the 2019-20 school year will be $48,330. The total cost, including $14,140 for room and board and $782 in mandatory fees, will increase 3.1 percent to $63,252.

As in previous years, Rice will meet the full financial need of admitted students. Last fall, the university announced the enhancement of its financial aid program with The Rice Investment, an initiative that takes effect this fall for all undergraduate domestic students enrolled at Rice. It provides that: Students with family incomes below $65,000 will receive grant aid covering their full tuition, mandatory fees, room and board; students with family incomes between $65,000 and $130,000 will receive a grant covering at least full tuition; and students with family incomes between $130,000 and $200,000 will receive a grant covering at least half tuition. Those with family incomes higher than $200,000 may also receive aid based on a determination of financial need. The grants assume that families have typical assets for these income levels. As part of The Rice Investment, Rice will not require loans as part of financial aid requirements for students whose family income is below $200,000.

One of the goals of Rice’s Vision for the Second Century, Second Decade (V2C2) is to expand access, diversity and inclusiveness, which includes building on the university’s history of recruiting high-achieving individuals from under-resourced and middle-class families and assuring affordability by providing financial aid policies that allow them to attend Rice and experience its full range of educational opportunities.

“Rice is committed to supporting its current and future students and making sure that, regardless of their financial status, they have access to the best in private higher education,” Rice 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.

This year, about 46 percent of all undergraduates eligible for financial aid received scholarship grants that cover or exceed the cost of tuition.

As a result of that generous financial aid, in addition to tuition that tends to be lower than at peer research universities and excellent academics and alumni success, Rice is often named one of the country’s best-value private schools. For example, Rice is No. 5 in Kiplinger’s Best Value Rankings of Private Universities, No. 14 in U.S. News Best Value rankings and No. 13 among the “Best Value Colleges” in the 2019 edition of the Princeton Review’s guidebook.

Graduate education costs for 2019-20 vary for different programs. Tuition for doctoral students will increase to $48,330. Tuition for graduate students in architecture will be $32,360. Tuition for graduate students in music will be $28,850. Tuition for students entering the professional master’s programs will be $20,000 for religion, $37,000 for global affairs, $35,000 for human-computer interaction and human factors, $38,000 for programs in natural sciences, $48,000 for programs in engineering and $58,000 for energy economics. Tuition will be $59,750 for students in the full-time MBA program at Rice’s Jones Graduate School of Business. Tuition for other Jones School programs will be $54,500 for the Master of Accounting, $107,750 for the MBA@Rice and the Evening MBA for Professionals, $112,750 for the Weekend MBA for Professionals and $129,000 for the Executive MBA. The new Computer Science online master’s degree will enroll its first class in fall 2019 at a total degree cost of approximately $64,020.

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