William Marsh Rice University is a higher educational establishment located in Houston, Texas. An impressive campus of the institution, also known as Rice University, covers 300 acres. The university was founded in 1912 and named after a benefactor businessman who bequeathed a fortune to the establishment.  The university is focused on undergraduate studies and contains a small student body. Studying here is comfortable due to an almost individual approach thanks to a student-faculty ratio of 6:1. Such tight placing also affects the acceptance rate of the establishment that is currently only 16%. The tuition and fees in general sum up to about $47,000 a year. Though, the school has a great financial aid network and is ready to help students in need to cut their expenses.