Rice announces tuition for 2023-24 academic year

A drone view of Rice University's campus.

Rice University’s undergraduate tuition for the 2023-24 school year will be $57,210, an increase of $3,110 over the current year. The total cost, including $15,900 for on-campus room and board and $918 in mandatory fees, is $74,028.

Rice will continue its strong commitment to meet the full financial need of admitted students. The Rice Investment, the university’s leading financial aid program for domestic students, offers eligible students with family incomes below $75,000 grant aid covering at least their full tuition, mandatory fees, room and board; students with family incomes between $75,000 and $140,000 receive grants covering at least full tuition; and students with family incomes between $140,000 and $200,000 receive grants covering at least half of their tuition. (The grants assume families have typical assets for their income levels.)

The university does not require loans as part of financial aid requirements for students who receive need-based financial aid. The university has invested nearly $100 million in undergraduate scholarships and financial aid in fiscal year 2023.

“At Rice, we pride ourselves on providing affordable opportunities for gifted students from all backgrounds to attend one of the nation’s top private universities,” President Reginald DesRoches said. “Through our financial aid program, The Rice Investment, students from low- and middle-income families are given this opportunity to showcase their talents and develop their skill sets in a closeknit community that is committed to undergraduate education and a highly personalized experience at Rice.”

Rice frequently rates as one of the nation’s best values among private higher education institutions because its tuition is generally lower than its peer research universities and its financial aid policies are regularly reviewed to ensure that its exceptional education remains affordable to students from a wide variety of cultural and economic backgrounds.

“As the university grows, one of our strategic priorities is to attract students and faculty who are diverse in every way,” said Amy Dittmar, the Howard R. Hughes Provost. “We want to empower students, regardless of their income, to achieve academic and professional success at one of the best universities in the country."

Graduate education costs for 2023-24 will vary for different programs. Tuition for doctoral students will be $57,210. Tuition for graduate students in architecture will be $35,704. Tuition for graduate students in music will be $31,000. Tuition for students in the professional master’s programs will be $20,000 for religion, $40,000 for global affairs, $35,000 for human-computer interaction and human factors, $35,000 for industrial-organizational psychology, $42,000 for social policy evaluation, $39,400 for natural sciences, $54,630 for most programs in engineering and $58,000 for energy economics.

The online master’s in computer science, the online master’s in data science and the master of engineering management & leadership (MEML) will cost $1,667 per credit hour. Tuition will be $69,000 for students in the full-time MBA program at Rice’s Jones Graduate School of Business. Tuition for other Jones School programs will be $59,000 for the Master of Accounting, $115,020 for the online MBA@Rice, $118,000 for Evening MBA for Professionals, $125,000 for the Weekend MBA for Professionals, $135,000 for the Hybrid MBA and $142,000 for the Executive MBA.

"Our undergraduate enrollment has continued to grow over the years,” said Yvonne Romero da Silva, Rice's vice president for enrollment. “We anticipate the trend to continue as we expand our entering class and also as students and parents recognize the merits of all that an education at Rice University has to offer."

Rice routinely ranks among the nation’s top 20 universities as rated by U.S. News & World Report. Rice has a 6-to-1 undergraduate student-to-faculty ratio and a residential college system that supports students intellectually, emotionally and culturally throughout their academic careers. Developing closeknit, diverse college communities is a strong and long-standing campus tradition.

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