Average Annual Tuition at Texas Tech University
The latest data we have for Texas Tech University's annual average net costs are from 2019. These costs and and the average Texas schools include tuition, fees, living expenses, books, and fees minus the average grants and scholarships for federal financial aid recipients.
|In-state Tuition||Out-of-state Tuition||Median Debt||Avgerate Net Cost|
|Texas Tech University||$11,600||$23,870||$22,000||$17,033|
As you can see, annual costs at Texas Tech University have risen over the last few years, and are projected to continue to skyrocket based on our analysis.
Actual Costs Projected Costs
Colleges and universities across the United States experienced cost (tuition + living) increases of 2.5% in 2019. This most recent inflation figure was down slightly from the 2.9 percent in 2018 and 3.4 percent in 2017, but still underscores the rising costs of sending your children to higher education.
These rising costs are hitting closer to home in Texas as well. Texas's' higher education costs rose by 30.4% in just the last 10 years, ranking as the 32nd highest state.
Texas Tech University Financial Assistance
40% of students enrolled at Texas Tech University receive some form of Federal loan assistance. You can view Texas Tech University's student aid calculator here.
Use a 529 Plan to Offset Rising Education Costs
One of the most sound investments you can make to help pay for your child's higher education is by using a 529 plan. These funds grow in a tax-free environment, and generally have a 3-5% rate of return. The only catch is that all funds need to be used for higher education, and if not... there are monetary penalties imposed when withdrawn for other uses.
Both the Texas direct-sold 529 plan (Texas College Savings Plan) and the advisor-sold plan (Lonestar 529 Plan) are managed by NorthStar Financial Services. Texas also has a 529 prepaid tuition plans for Texas residents (Texas Tuition Promise Fund).
|State Plan Name:||Texas College Savings Plan|
|Maximum Contribution:||up to $370,000 across accounts per beneficiary|
|Fees:||Total fees range from 0.60% to 1.00%, depending on portfolios|
Texas School Statistics
We've analyzed all other higher education schools in TX, and wrapped it up nicely into a report for you. View our TX analysis report.
There are 45 other accredited public schools located in the state of Texas. You can view all TX schools here.
Last updated 2022-05-11 06:33:02.