In 2021, Texas Tech's tuition was $8,934 a year for in-state students and $21,174 a year for out-of-state students.
On average, colleges raise tuition about 3% each year.
If this information makes going to college feel scary, remember, the advertized cost of tuition doesn't give you all the info you need to know how much you will actually have to pay for college. Many students find the actual cost of college is a lot less than the sticker price after grants, scholarships, and tuition discounts are awarded. Additionally, student loans can make theprice of collegemore manageable until after graduation.
International students can expect to pay 21,174 per year for tuition at Texas Tech University.
Texas Tech University meets 57% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Texas Tech University is around $12,980 a year.
Graduates in the class of 2023 had an average of $31,640 in student loans per borrower.
In-state vs. Out-of-state Tuition at Texas Tech University
Texas Tech University is a public, state institution, which means it offers a reduced tuition rate of $8,934 for students who qualify as state residents and attend full-time.Non-Texas residents can expect to pay 21,174 per year for tuition.
Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Attending a college where you are eligible for in-state tuition can save on the cost of tuition, as well as loans and interest owed. Take the time to check your state's criteria for in-state tuition. Each state has different requirements to qualify as in-state resident. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be other criteria as well, depending on the state you and your parents currently reside in.
Explore other Texas colleges
Tuition for International Students at Texas Tech University
Texas Tech University has the same tuition for international students as for those from out of state.
International students at Texas Tech University can expect to pay around $21,174 per year, before any scholarships or financial aid.
Students from outside of the U.S. usually do not qualify for for federal financial aid, but should research private or Texas Tech University-specific aid and scholarships. International students who demonstrate financial need may be eligible for the following types of financial support at Texas Tech University:
•On-campus jobs•Loans from outsideTexas Tech University•Texas Tech University-specific loans•Texas Tech University-specific scholarships•International Students Tuition Waivers
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
Texas Tech University Room, Board, Fees, and More
In addition to the cost of tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Texas Tech University.
Room and Board Costs at Texas Tech University
Housing and campus dining at Texas Tech University costs $10,460 a year. This number covers the cost of living in dorms or other on-campus housing, plus a dining plan that allows you to eat in the school dining halls.
Board costs may vary depending on the number of meals you intend to eat on-campus
Cost of Books at Texas Tech University
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real cost of books depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.
Yearly Fees
Most schools also have fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
Keep in mind, there could also be optional fees associated with participating in certain activities, like Greek Life, or participating in sports or other extracurriculars. Many schools offer resources so that those who may struggle to participate because of cost can get help covering these costs.
Transportation costs
The total cost of transportation in college depends on a few key factors. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus easy to get around on foot? Do you own a car, or are you planning to use busses, subways, or other modes of transportation? All of these questions can drastically impact your transportation budget. Keeping in mind, first-year students are allowed to park a car on campus.
The location of a college or university can also have a big effect on the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in an urban area can be pricey, but there may be more trains, busses or affordable flights to actually get to school. Texas Tech Universityis in a city in Texas.
Other Costs
When you're planning for college, be sure to consider the cost of things like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.
Financial Breakdown for Texas Tech University
Now, let’s do a rundown of all of the costs associated with college, to get a better idea of what is really costs to go to Texas Tech University.
How Much Does Texas Tech University Cost?
What will the cost of attending Texas Tech University be? Here is a breakdown of tuition and expenses.
| 2023 Total Tuition and Expenses | |
|---|---|
| In-state Tuition | $8,934 |
| Out-of-State Tuition | $21,174 |
| Room and Board | $10,460 |
| Other expenses | $2,000 |
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Tuition and fees may vary depending on program, course level, location, and more.
Texas Tech University Financial Aid
In 2023, 13,745 of the 32,953 undergrads enrolled received financial aid. Texas Tech University meets 57% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $12,980 a year. Around 49% of Texas Tech University undergrads take out student loans to cover any remaining costs. Texas Tech University graduates who have student loans graduate with an average of $31,640 of student loan debt.
The average debt for each loan type varies.
| Average Debt By Loan Type | |
|---|---|
| Federal Loans | $21,816 |
| State Loans | $34,390 |
| Private Loans | $30,261 |
| Most Common Loans for Texas Tech University Students | |
|---|---|
| Federal Loans | 48% |
| State loans | 6% |
| Private loans | 10% |
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Texas Tech University financial aid, keep reading, or visit their financial aid website.
Scholarships at Texas Tech University
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2023, Texas Tech University awarded 11,875 need-based scholarships to students, giving away total of $122.5 million to help students with financial need cover the cost of school. An additional $32.87 million in merit-based scholarship money was awarded to students without demonstrated financial need.
Net Cost of Texas Tech University
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Texas Tech University students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Texas Tech University was $12,980 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Texas Tech University seem more manageable.
| Estimated Net Cost for Full-Time Students | |
|---|---|
| In-State, On-Campus | $-448 |
| Net In-state, Off-campus | $2,072 |
| Out-of-State, On-Campus | $24,772 |
Note: a negative number can indicate that a refund will be given to use toward other expenses such as housing, fees, and books. In such cases, be sure to reach out to the school directly for any clarification or questions.
What will attending Texas Tech University really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Texas Tech University's net cost calculator on their website.
Texas Tech University Tuition Payment Plans
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Texas Tech University does not have guaranteed tuition.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
Texas Tech Tuition Waivers
Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.
Texas Tech has some full or partial tuition waivers available for:- International Students
Check the financial aid website for more information on payment plans and tuition waivers.
Texas Tech University's Endowment
An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.
As of 2021, the total market value of Texas Tech University's endowment was $966.7 million. The average college endowment was $905 million in 2021. For each full-time student, Texas Tech University spends about $7,562 a year.
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