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William Marsh Rice University, or as it is more commonly known Rice University or just Rice. Rice is a private research university located in Houston, Texas and opened its doors in 1912. The namesake of the university William Marsh Rice bequeathed his fortune to find the university after his death. The university's small 5:1 student to faculty ratio shows that it places a true emphasis on education, as do all the accolades the university has earned over the years.