Rice to TCU - but TCU has higher tuition and worse financial aid than Rice.
It would be a mistake to compare
any higher-ed institution in Texas (not just TCU) to Rice. Rice is unique.
Rice U. Rice is the only national academic top-20 institution in Texas. It has an $8.3 billion endowment and the state's largest endowment-per-student ($746,347, ranked #18 nationally) of any university in Texas, accounting for about 40% of its operating revenue. This wealth coupled with its extremely small enrollment (4,076 undergrads, 3,567 grad students) allows Rice to award very generous financial aid. About 70% of Rice students receive financial aid, with 25% receiving loans rather than grants-in-aid. Actual tuition is $54,100, with full cost-of-attendance at $74,110 -- but families earning less than $130,000 per year get free tuition, and those earning $130,000-$200,000 get half tuition. (Above $200,00 is full price, unless on academic merit scholarship.) Tuition discounts do not apply to room-and-board or other costs. The tuition-discounted cost-of-attendance is $16,735.
U of Texas-Austin. The second wealthiest institution in Texas is of course UT, with a $53-billion endowment, which is national top 5 in size. But that wealth must be spread over all 14 institutions in the UT system, so the main Austin campus does not get the full benefit. Because of its humongous enrollment (52,000; 7th-largest nationally), UT's endowment-per-student is only $176,050. But the huge endowment also allows a heavy tuition discount, which is $11,448 for state residents ($40,032 for out-of-state), so only 36% of students receive additional financial aid. The discounted cost-of-attendance per UT student is $32,346 ($65,268 for out-of-state).
TCU. TCU's 2022 total endowment is $2.75 billion, with an endowment-per-student of $193,216. Tuition is $53,890 and total cost of attendance of $73,110. This is before applying tuition discounts (scholarships, grants, & loans). About 77% of TCU students receive financial aid to the tune of about $310 million per year. Two-thirds of aid (64%) consists of scholarships and grants. One-third (36%) consists of loans. The average aid award is $36,597. The tuition-discounted cost-of-attendance is $36,595.
TCU being higher priced than Rice for full cost attendance is absurd - families notice that.
TCU's is not higher priced than Rice in undiscounted cost-of-attendance.
- Rice Undiscounted: $74,110
- TCU Undiscounted: $73,110
TCU is more expensive than Rice in discounted cost-of-attendance because of $2.75 billion in endowment vs. $8.3 billion.
- Rice Discounted: $16,735
- TCU Discounted: $36,595
I know TCU is “need-blind” but no school is “location-blind” - TCU has openly posted about having more California students than Texas students in recent admit classes - they are openly chasing mediocre California students that can pay full cost (most schools have been “lenient” to HS applicants from schools that cost $50K or more)
TCU has
never claimed it has "more California students than Texas students in recent admit classes." The claim is that TCU has admitted more
out-of-state students than Texas students in recent classes -- as in California + 48 other states and 77 foreign countries.