Rice University Is Still A Value. An Expensive Value, But A Value
In 2003, tuition to Rice University was $18,850. By 2008, it had risen to $29,960 - an increase of $11,110, or about 59 percent.
Does that mean Rice is losing its reputation as the go-to school for an awesome, awesomely priced education? Apparently not.
Despite the steep tuition increase, Rice was recently named one of the top five private schools on two best-value lists - that of Kiplinger's Personal Finance magazine, and the Princeton Review's "Best Value Colleges for 2009."
Chris Muñoz, Rice's Vice President of Enrollment, tells Hair Balls that although tuition has gone up, Rice is still cheaper than other schools. "They look at the sticker price in relation to other universities...So when you look at the sticker price of other highly select universities, you'll note that our price is actually six- or eight-thousand below." Rice students also graduate with less debt than their peers.
Rice Owls Men's Baseball vs. Pepperdine Waves Men's Baseball
TicketsFri., Mar. 3, 6:30pm
Rice Owls Women's Basketball Single Game Tickets
TicketsSat., Mar. 4, 2:00pm
Gridiron Glory: The Best of Pro Football HOF -- 10AM-6PM
TicketsSun., Mar. 5, 10:00am
U Of H Men's Basketball Chart
TicketsSun., Mar. 5, 3:00pm
Asked why tuition has increased, Muñoz listed a number of factors, including the construction of a new rec center, pavilion and two colleges. Some funding comes from gifts, but not all. He also mentioned the cost of attracting top-level faculty and rising energy costs. Imagine your own increased light bill, he says, then "take that and multiply it ten times over. That's what you're going to see in increased costs."
Tuition actually didn't rise from 2007 to 2008. Let's hope the same is true next year.
- Cathy Matusow
Get the ICYMI: Today's Top Stories Newsletter Our daily newsletter delivers quick clicks to keep you in the know
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Houston, delivered to your inbox Monday through Friday.