The total list price for in-state Texas residents to go to Texas Tech University is $17,181 for the 2013/2014 academic year. Out-of-state students who don't possess Texas residence can expect a one year cost of $25,677.
Texas Tech University tuition is $4,862 per year for in-state residents. This is 22% cheaper than the national average public four year tuition of $6,256. The cost is $9,336 and 66% cheaper than the average Texas tuition of $14,198 for 4 year colleges. Tuition ranks 25th in Texas amongst 4 year colleges for affordability and is the 84th most expensive 4 year college in the state. If attending from out-of-state, the tuition is $13,358 which represents a 175% premium.
The school charges an additional fees of $2,655 in addition to tuition bringing the total effective in-state tuition to $7,517.
On campus room and board is provided by the school at a cost of $8,464 per academic year. Students electing to live off campus elsewhere in Lubbock should budget at least this amount.
The estimated annual cost for books and supplies is $1,200.
|Texas Resident Total Cost||$17,181|
|Room and Board||$8,464|
|Books and Supplies||$1,200|
|Non-Resident Total Cost||$25,677|
|Room and Board||$8,464|
|Books and Supplies||$1,200|
All price data are reprinted from the U.S. Department of Education's 2013-2014 and 2012-2013 IPEDS Survey and represent reported costs for the 2013-2014 and 2012-2013 academic years.
Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $17,181 published price if scholarship or grant aid is made available to you.
The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Texas Tech University net price for in-state students $12,982* for the 2011/2012 academic year. This net price includes housing and meal expenses.
52% of Texas Tech University students received grant aid in 2010/2011. The average total aid amount was $6,470. 28 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2010/2011 was $4,363. To apply for a Pell Grant to attend Texas Tech University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).
|Financial Aid Summary|
|Average Annual Net Price||$12,982*|
|Percent of Students Receiving Grant Aid||52%|
|Average Total Grant Aid||$6,470|
|Percent of Students Receiving Pell Grants||28%|
|Average Amount of Pell Grant Aid||$4,363|
The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last reported for the 2011-2012 academic year.
|Family Income||Avg. Net Price|
|$0 to $30,000||$9,809|
|$30,001 to $48,000||$12,595|
|$48,001 to $75,000||$16,256|
|$75,001 to $110,000||$18,658|
*Reported Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.
Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.
|School||Cost vs. Texas Tech University|
|University of Oklahoma Norman Campus||18.6% less expensive|
|United States Air Force Academy||100% less expensive|
|University of Houston||53.9% more expensive|
|University of Arkansas||30.7% more expensive|
When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at Texas Tech University.
At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Texas Tech University is $68,724 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.
A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $10,351 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $41,404**
If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $85,905 or $51,755 using an average net price.
**Based on a 4 year multiple of Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.
Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at Texas Tech University.
|Texas Resident Tuition Per Semester||$2,431|
|Texas Resident Total Cost Per Semester||$8,590|
|Non-Texas Resident Tuition Per Semester||$6,679|
|Non-Texas Resident Total Cost Per Semester||$12,838|
Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Texas Tech University are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.
|Price per credit hour for Texas residents||$196|
|Cost for one class for Texas residents (3 credit hours)||$588|
|Price per credit hour for out of state residents||$509|
|Cost for one class for out of state residents (3 credit hours)||$1,527|
|Cost for one class for out of state residents (4 credit hours)||$2,036|
The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 49% of Texas Tech University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $8,337. The reported average student debt upon graduation is $23,838.
How much are student loan payments for Texas Tech University? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.
The following are the costs for a loan if you borrowed $41,404, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $51,876.60. This could be your effective total out of pocket cost of an education at Texas Tech University. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 52% of students at this school who receive financial aid and you are paying an average annual net price of $10,351. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Texas Tech University student loan calculator below to change loan assumptions and recalculate.
Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.
|Monthly Loan Payment||$432.31|
|Number of Monthly Payments||120|
|Total Interest Cost||$10,472.60|
|Sum of All Payments over 10 years||$51,876.60|
Can I afford to attend Texas Tech University? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Texas Tech University, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.
Using the 10% of salary threshold, an annual income of $51,876.60 would be needed to afford a $432.31 monthly payment in the example $41,404.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.
What will it cost to send your child to Texas Tech University in the future? In the past five years, this school's published in-state tuition and fee total rose from $5,376 to $7,380. This amounts to an average annual price increase of 7.5%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current in-state 4 year cost of $68,724.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Texas Tech University.
|Annual||4 Year Degree|
|Estimated Cost in 5 years for students enrolling in 2020||$23,628||$94,512|
|Estimated Cost in 10 years for students enrolling in 2025||$30,156||$120,623|
|Estimated Cost in 15 years for students enrolling in 2030||$38,487||$153,949|
|Estimated Cost in 18 years for students enrolling in 2033||$44,554||$178,216|
What was tuition at Texas Tech University five, ten, fifteen or twenty years ago? Hop into our time machine and take a look. Pay attention to how aggressive the school has been with price increases the past as it provides indication as to how the school may raise tuition in the next few years if you enrolled. Historical tuition and fees for all available data years back to 1988 follows.
We've compared the out of state cost of the most popular undergraduate areas of study at Texas Tech University to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.
|Area of Study||Graduates||vs National Avg|
|Kinesiology and Exercise Science Bachelor's Degree||233||25% cheaper|
|Multi-/Interdisciplinary Studies, Other Bachelor's Degree||193||31% cheaper|
|Mechanical Engineering Bachelor's Degree||163||32% cheaper|
|Hotel/Motel Administration/Management Bachelor's Degree||123||26% cheaper|
|Biology/Biological Sciences, General Bachelor's Degree||122||28% cheaper|
|Public Relations/Image Management Bachelor's Degree||116||26% cheaper|
|General Studies Bachelor's Degree||109||15% cheaper|
|Child Development Bachelor's Degree||101||15% cheaper|
|Architecture Bachelor's Degree||98||39% cheaper|
|Civil Engineering, General Bachelor's Degree||94||31% cheaper|
|Petroleum Engineering Bachelor's Degree||82||21% cheaper|
|Advertising Bachelor's Degree||72||25% cheaper|
|Animal Sciences, General Bachelor's Degree||65||20% cheaper|
|Agricultural Economics Bachelor's Degree||61||22% cheaper|
|Fashion Merchandising Bachelor's Degree||59||21% cheaper|
|Electrical and Electronics Engineering Bachelor's Degree||55||31% cheaper|
|Business Administration, Management and Operations, Other Bachelor's Degree||54||16% cheaper|
|Radio and Television Bachelor's Degree||52||25% cheaper|
|Journalism Bachelor's Degree||49||25% cheaper|
|ENGINEERING TECHNOLOGIES AND ENGINEERING-RELATED FIELDS Bachelor's Degree||48||13% cheaper|
|Business Administration and Management, General Bachelor's Degree||47||16% cheaper|
|Marketing/Marketing Management, General Bachelor's Degree||42||21% cheaper|
|Agricultural Communication/Journalism Bachelor's Degree||42||15% cheaper|
|Chemical Engineering Bachelor's Degree||37||36% cheaper|
|Agriculture, General Bachelor's Degree||36||12% cheaper|
|Computer and Information Sciences, General Bachelor's Degree||33||21% cheaper|
|Interior Architecture Bachelor's Degree||32||27% cheaper|
|Chemistry, General Bachelor's Degree||30||30% cheaper|
|Industrial Engineering Bachelor's Degree||29||28% cheaper|
|Biochemistry Bachelor's Degree||27||38% cheaper|
|Drama and Dramatics/Theatre Arts, General Bachelor's Degree||25||32% cheaper|
|Family and Consumer Sciences/Human Sciences, General Bachelor's Degree||24||10% cheaper|
|Natural Resources/Conservation, General Bachelor's Degree||23||27% cheaper|
|Family Resource Management Studies, General Bachelor's Degree||23||20% cheaper|
|Economics, General Bachelor's Degree||23||35% cheaper|
|Dietetics/Dietitian Bachelor's Degree||22||21% cheaper|
|Microbiology, General Bachelor's Degree||21||25% cheaper|
|Geology/Earth Science, General Bachelor's Degree||20||30% cheaper|
|Foods, Nutrition, and Wellness Studies, General Bachelor's Degree||19||22% cheaper|
|Family and Community Services Bachelor's Degree||19||3% cheaper|
|Landscape Architecture Bachelor's Degree||18||28% cheaper|
|Applied Horticulture/Horticulture Operations, General Bachelor's Degree||16||21% cheaper|
|Fashion/Apparel Design Bachelor's Degree||15||30% cheaper|
|Finance, General Bachelor's Degree||14||23% cheaper|
|Spanish Language and Literature Bachelor's Degree||13||32% cheaper|
|History, General Bachelor's Degree||11||29% cheaper|
|Political Science and Government, General Bachelor's Degree||10||30% cheaper|
|Cell/Cellular and Molecular Biology Bachelor's Degree||10||36% cheaper|
|Dance, General Bachelor's Degree||9||36% cheaper|
|Biological and Physical Sciences Bachelor's Degree||8||28% cheaper|
|Accounting Bachelor's Degree||7||22% cheaper|
|Health and Wellness, General Bachelor's Degree||7||21% cheaper|
|French Language and Literature Bachelor's Degree||7||37% cheaper|
|Agricultural Business and Management, General Bachelor's Degree||7||15% cheaper|
|Computer Engineering, General Bachelor's Degree||7||31% cheaper|
|International Economics Bachelor's Degree||6||43% cheaper|
|Food Science Bachelor's Degree||6||25% cheaper|
|Music, General Bachelor's Degree||6||30% cheaper|
|Liberal Arts and Sciences/Liberal Studies Bachelor's Degree||5||28% cheaper|
|Environmental/Environmental Health Engineering Bachelor's Degree||5||38% cheaper|
|Philosophy Bachelor's Degree||3||36% cheaper|
|English Language and Literature, General Bachelor's Degree||3||28% cheaper|
|Zoology/Animal Biology Bachelor's Degree||3||26% cheaper|
|Psychology, General Bachelor's Degree||3||28% cheaper|
|Geography Bachelor's Degree||3||22% cheaper|
|Sociology Bachelor's Degree||3||30% cheaper|
|Physics, General Bachelor's Degree||3||34% cheaper|
|Professional, Technical, Business, and Scientific Writing Bachelor's Degree||3||25% cheaper|
|Information Science/Studies Bachelor's Degree||2||24% cheaper|
|Business/Commerce, General Bachelor's Degree||2||23% cheaper|
|Classics and Classical Languages, Literatures, and Linguistics Bachelor's Degree||2||45% cheaper|
|International Business/Trade/Commerce Bachelor's Degree||2||29% cheaper|
|Anthropology Bachelor's Degree||1||35% cheaper|
|Mathematics, General Bachelor's Degree||1||29% cheaper|
|Social Work Bachelor's Degree||1||20% cheaper|
|Art/Art Studies, General Bachelor's Degree||1||26% cheaper|
|Rhetoric and Composition Bachelor's Degree||1||22% cheaper|
|Human Development and Family Studies, General Bachelor's Degree||1||23% cheaper|
|German Language and Literature Bachelor's Degree||1||38% cheaper|
|Russian Studies Bachelor's Degree||1||47% cheaper|
|Agronomy and Crop Science Bachelor's Degree||1||18% cheaper|
Use the calculators below to formulate a college savings plan for Texas Tech University or model a student loan.
Texas Tech University is a four year public college located in Lubbock, Texas. Full time enrollment is 27,545 and part time is 4,782. For the 2011/2012 school year, the school received 18,027 applicants. 11,593 were admitted and 4,560 enrolled.
Students attending this school may pursue both undergraduate and graduate degrees.Address
Texas Tech University is a public not for profit institution. Public schools often represent the best value for your education dollar, especially when students qualify for in-state tuition.
Texas Tech University cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=229115 IPEDS survey data.
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