Rice vs UT Engineerig

<p>I have been doing a lot of thinking over which school would fit me best. I would be interested in majoring in chemical engineering, however, I am not completely sold on a single engineering discipline at the moment. To my understanding, Rice is a much more prestigious school overall, but UT is ranked higher in engineering. My parents keep telling me how great of a school Rice is, but I often overlook this when I see UT rankings in Engineering. I know I am leaving a lot of blanks in this discussion but would really appreciate any advice from current students/graduates, or anyone else that could contribute. Some of my scores/rankings are below.
SAT- 1980,no prep (probably going to take it again, btw is worth it to wait and take it again and sacrifice Early Decision?)
ACT-32,no prep (my sub scores were fairly lopsided though, I had a 35 in Math FYI)
Rank - 5/546 (99th percentile, Also, I don't know if this matters, but I moved up significantlly, in rank. I was 17 sophomore year, and 5 by the end of Junior year.)
Weighted GPA- 4.6ish
UW GPA- don't actually know
I have a pretty diverse set of extracurriculars, anything from placing in multiple UIL categories to mentorship programs for a local elementary school. I am not worried about lacking in this department.
Just got my AP scores, all of these are from Junior year and honestly didn't study much for them.
Biology-4
Chem-4
EngLang-5
Psych-5
EnvSci-4
UShist-2 ( I hate to make excuses but my teacher was pathetic)
I would really appreciate any insight on financial aid. I believe I could get financial aid to Rice but am unsure about UT. I will be making campus visits later this month.
All of this is considering if I actually get into Rice, but I believe my rank and extracurricular a make up foot the SAT.</p>