Public vs. Private Universities: Is Rice University Public or Private?

I’ve been researching colleges and universities and I’ve become particularly interested in Rice University. Could someone please clarify for me, is Rice University a public or a private institution?

Rice University is a private institution. As a private institution, Rice is independent and operates under its own governance structure separate from any state or federal regulations, which differs from public universities that are run by state governments. Privates like Rice typically have smaller class sizes, and can often offer generous financial aid packages. All these factors are something to consider as you continue to explore this great university.