Chancellor Hance listens as
Dr. Nellis discusses tuition.
Texas Tech University announced today (May 17) it will maintain current tuition and mandatory fees for the 2013-14 academic year, marking the first time since 2008 tuition has not increased.
The Finance and Administration Committee of the TTU System Board of Regents approved the proposal this afternoon for in-state, undergraduate students.
“Making college affordable and giving students access to educational opportunities at the highest level should be among our top priorities as institutions of higher learning,” said M. Duane Nellis, who will assume duties as Texas Tech president June 15. “Despite the constant increases in operating costs across the board, I would like to commend the university administration for creating a plan to maintain the current tuition rate and alleviate some of the burden associated with the cost of higher education.”
Maintaining current tuition numbers, when combined with last year’s slight 1.95 percent increase, reflects the lowest biennia increase in school history. Tuition and mandatory fees for the 2013-14 academic year will be $7,517 for 24 credit hours, which is equivalent to what undergraduate students paid during the recent academic year. Additionally, fees for parking, housing and board will remain the same.
Texas Tech University System Chancellor Kent Hance echoed the need for relieving the pressures of college costs, not just at TTU, but system institutions as well.
“Keeping tuition affordable for students and their families has been a top priority for the Texas Tech University System,” said Hance. “We set an example in 2008 by not raising tuition and fees at Texas Tech University. Not only are we freezing tuition and fees at Texas Tech University this time, but we also are holding the line at our other two component institutions – Angelo State University and Texas Tech University Health Sciences Center.”
U.S. News & World Report has ranked Texas Tech among the top 30 nationally each of the last two years for students graduating with the least debt, while its graduates are consistently among the most sought after by employers. The Wall Street Journal, in a survey of more than 800 business recruiters, ranked Texas Tech graduates among the most prepared nationally at No. 18.