March 5, 2015
The Finance & Administration Committee of the Texas Tech University System Board of Regents today (March 5) approved a 2.18 percent net increase in tuition and fees for the 2015-16 academic year, pending full board approval Friday. The increase reflects an estimated addition of $104.55 for 15 semester credit hours, or $209.10 for a 30-hour academic year.
“Providing a high quality education to our students is paramount in our mission as an institution of higher learning,” said M. Duane Nellis, Texas Tech president. “We worked diligently over the last year to enhance our efficiencies in order to keep the increase low, but also allow us the resources to support our infrastructure and maintain that high level of education.”
It is estimated Texas Tech's overall tuition and fees of $7,978 for 24-semester credit hours for the 2015-16 academic year will rank third-lowest among nine peer institutions throughout the state, including the University of Texas and Texas A&M University, and third-lowest among Big 12 Conference member institutions.
Consistently ranked among U.S. News & World Report's rankings in students graduating with the least debt, Texas Tech also ranks among the top 20 nationally on Kiplinger's Personal Finance list of best college values under $30,000 a year.
“Our faculty and students are the catalysts for our academic reputation nationally, and through their education, scholarship and successes, that reputation is as strong as it's ever been,” Nellis added. “I am proud of their achievements and representation of Texas Tech University.”