#5 Best Public Universities in Texas

Texas Tech Tuition & Cost

Lubbock, Texas

 7 Reviews

How much does it cost to attend?

In State Texas Resident Sticker Price
In State Costs for Texas Tech University
Fee Cost
Books and Supplies$1,200
Other Fees$2,917
Room and Board $9,956
Other Expenses Budget$4,400
Out of State Resident Sticker Price
Out of State Costs for Texas Tech University
Fee Cost
Books and Supplies$1,200
Other Fees$2,917
Room and Board $9,956
Other Expenses Budget$4,400

Residents of Texas pay an annual total price of $27,156 to attend Texas Tech University on a full time basis. This fee is comprised of $8,683 for tuition, $9,956 room and board, $1,200 for books and supplies and $2,917 for other fees.

Out of state residents are charged a total cost of $39,426 which is 45.2% higher than Texas residents. The tuition charge is $20,953 while room and board is $9,956, books and supplies are $1,200 and other fees come in at $2,917.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Texas Tech University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
Net Price by Income Texas Tech University
Family Income Net Price Paid
$0 to $30,000$9,031
$30,001 to $48,000$10,440
$48,001 to $75,000$15,248
$75,001 to $110,000$20,343

The average reported annual net price for Texas Tech University for students receiving grants or scholarship aid was $15,452 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

84% of full-time undergrad Texas Tech University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $7,715 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 41% of students received Federal Student Loans averaging $5,004 and 10% of undergrads took out private student loans averaging $13,294.

Finanical Aid Texas Tech University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $7,715 84%
Institutional Grants and Scholarships $5,318 67%
Pell Grants $5,407 22%
Other Federal Grants $890 40%
State and Local Grants $6,049 17%
Federal Student Loans $5,004 41%
Other Student Loans $13,294 10%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Texas Tech University, we've modeled a ten year student loan with an original principal value of $41,404. The loan balance of $41,404 is a four year multiple of the $10,351 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $395 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $41,404
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $395.04
Total Interest Paid $6,000.78
Sum of All Loan Payments $47,404.78

Projected 4 Year Degree Price

4 Year Sticker Price
Year Texas Residents Non Residents
1 $27,156 $39,426
2 $30,662 $44,515
3 $34,620 $50,262
4 $39,089 $56,750

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Texas Tech University to be $108,624 - assuming graduation in normal time. The estimation assumes a 12.9% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Texas Tech University
Price Per Credit 3 Credit Class 4 Credit Class
Texas Residents $289 $867 $1,156
Out of State Residents $698 $2,094 $2,792

Estimated cost for a class at Texas Tech University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Texas Tech University versus other colleges.

Tuition Payment Plans Available

Texas Tech University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=229115 IPEDS survey data for Texas Tech University.