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Rice University and Baylor College have signed a memorandum of understanding that lays out  formal negotiations about a possible merger. The two institutions have been in preliminary discussions about a merger for several months. Rice University is the Houston's oldest private university.

           Rice offers more than 50 majors in areas such as engineering, natural sciences, humanities, social sciences, music, architecture and administrative sciences as well as research opportunities in more than 30 interdisciplinary research centers on campus. Admission to join  the 4,000-plus students is highly competitive. U. S. News & World Report has ranked Rice in the top 20 nationwide for more than a decade.

         Rice University is a member of the institution of the Texas Medical Center opening collaborations in research and teaching in the areas of nanotechnology, biotechnology and information technology.