Texas Tech University
Lubbock, Texas
Public
Recent News
Admissions Policies
Deposit & decision deadline (class of 2024)
May 1
Test-optional admissions ('20-'21)
Yes
Paying for Texas Tech University
Texas Tech University provides its students with need-based aid and financial assistance opportunities to help with the cost of paying for TTU. TTU's own Red Raider Guarantee provides payment of tuition and mandatory fees for Texas resident students whose family adjusted gross income is $40,000 or less annually. Additional requirements and frequently asked questions can be found here.
Financial aid award packages are provided to admitted students who also submitted a FAFSA and/or TAFSA form. These financial aid packages are in the form of grants, loans, scholarships, and work-study opportunities. More specifically, students can expect to see a combination of these types of opportunities in the form of the Texas B-On Time-Loan which can be potentially forgiven after meeting certain requirements and/or the Texas state College Access Loan, federal grants including the Pell and the Federal SEOG grant, the Texas Public Education Grant, the TEXAS Grant, and university TTU Grants. Scholarships include Terry Foundation Scholarships, Employee Dependent Scholarship opportunities, the Laverne Noyes Scholarship, the Vietnam Veterans Memorial Scholarship Program for children of Vietnam Vets, and the Texas Tech Legal Action Academic Freedom (TTFLAA) Scholarships. There's also a summer scholarship program available, non-work study on and off-campus job opportunities, and a way to search external scholarships and departmental scholarships. Scholarships for incoming transfer students, graduate students, and continuing students are also available.
Handy resources for students and their families include a page of resources for understanding loans and the loan process, a student consumer information page, information detailing the cost to attend TTU, a net cost calculator, a transfer student calculator, and a TX state calculator.
Red to Black is TTU's Financial Literacy Program offering Peer Financial Coaching
financial literacy courses, tools such as Take the Savings Pledge, a welcome introductory video and the opportunity to connect on social media through Facebook, Twitter, Pinterest, and Instagram. Students and faculty can request group and individual presentations to help educate students about various money management topics including, information about credit, navigating life after college, savings and investment opportunities, and student loans education and literacy. Red to Black also celebrates financial education week in October with events, workshops, and fun!
Texas Tech University Cost Breakdown
The total cost of attendance includes tuition and fees, books and supplies, and living expenses.
Tuition (in-state)
$11,320
Tuition (out-of-state)
$23,770
Room and board
$9,772
Books and supplies
$1,200
Fees
$0
Other
$4,420
Texas Tech University Financial Aid
The average student pays this amount per year.
Percentage of freshman students who receive some form of financial aid.
This school's financial aid meets 67 % of student's demonstrated need.
Texas Tech University Merit Scholarships
The average Texas Tech University merit scholarship for students without financial need
of Texas Tech University students without financial need receive a merit scholarship
Texas Tech University provides its incoming freshman with incoming merit-based scholarship opportunities. The Freshman Presidential Scholarship and the National Merit Finalist Scholarships are the two primary types of merit scholarships. Students in the top 20% of their graduating high school class, along with certain test scores, are assured merit scholarship opportunities as long as they meet the criteria and eligibility requirements and apply and are admitted by April 15th.
Texas Tech University Average Cost
Very few students pay the full price. Here's the average cost for students in different income brackets:
Texas Tech University Financial Health
Resources
Endowment (2019)
$1,316,659,615
Endowment per enrolled student (FTE)
$27,946
State financial support per student
$7,707
This is higher than the national average ( $7,523).
Texas Tech University Online Education
Share of Students Studying Online (Graduate and Undergraduate)
Equity
Likelihood that a student moved up two or more income quintiles.
Percent of first-time students receiving Pell Grants.
This is lower than the national average 31.0%
Relative to the market of potential students
Underrepresented
Black
Hispanic
Representative
Native American
Asian
Hawaiian
Multi-racial
Overrepresented
White
Texas Tech University Student Loans
The average student takes out this amount in student loans.
The percentage of students that repay their loans within 5 years.
The percentage of students that repay their loans within 7 years.
The percentage of families that default on their loans after 3 years.
Texas Tech University After College Salaries
After graduation, here's how the average salary of a Texas Tech University graduate grows over time:
Texas Tech University Admissions
SAT range:
1070 - 1240
ACT range:
22 - 27
Application fee:
$75
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About Our Data
The data and analysis above is sourced from the following reliable third party sources:
- - US Department of Education
- - ACCEPT: Admissions Community Cultivating Equity & Peace Today (deposit deadlines)
- - FairTest (testing policies)
- - National Association of College and University Business Officers (NACUBO) (endowment data)
- - National Center for Education Statistics
- - Opportunity Insights at Harvard University (mobility rates)
- - Peterson's
- - Public college-maintained websites
- - State Higher Education Executive Officers Association (SHEEO) (state funding data)
- - Urban Institute (racial representation data)
- - Photo Credit: Johan Hendrikse, distributed under a CC-BY-SA-3.0 license. Via Wikimedia: https://commons.wikimedia.org/wiki/File:TTU_English_Philosophy_Building.jpg.
For more information, visit our Data page.
Our Financial Health information is designed to provide you with financial data on the private colleges you are considering. Our Post-Covid Resiliency Ratings are based on a data model described in more detail here as well as information from the independent third party sources we list above. Keep in mind, there may be additional public or private data which may make a college or university more or less financially resilient. We recommend that you request the most current financial information from the college or university you are considering so that you will have the most complete and current information available while evaluating the financial health of the institution and to inform your decision making process. All information and data we provide on this site is for informational purposes only and is not an endorsement, guarantee or other recommendation, whether favorable or unfavorable, regarding a particular institution. We make no representation or warranty regarding the information, all of which is provided free of charge and for informational purposes only.