How to effectively and accurately evaluate and analyze the volatility and reliability of travel speed on urban road before and after students back to school is a hot and key problem in urban road traffic congestion governance research. The Beijing 3rd Ring Road was taken as the research object and the impacts of the students back to school on the volatility and reliability of the travel speed of road sections were qualitatively and quantitatively analyzed based on the road section travel speed data during the weekday morning peak (7:00–8:59). The results showed that the travel speed of the Beijing 3rd Ring Road had cyclicity, time variability, large-scale volatility, and light congestion during the weekday morning peak, and the volatility and reliability indexes of the travel speed of road sections significantly decreased under the impact of the students back to school. The data showed that after the students back to school, the maximum reduction ratio of average travel speed was larger than 55%, and the maximum travel speed reliability reduction value was larger than 0.85 based on the evaluation model of travel speed reliability of car commuters. The research results provide data and theoretical support for urban road traffic congestion mitigation and governance.