Texas Tech Board of Regents Approve Tuition Hike
The Texas Tech University System Board of Regents today approved a 5.9 percent increase in tuition and fees for the upcoming Fall 2011 Semester. The specially called board meeting took place in Dallas, in response to funding levels recently approved by the Texas Legislature.
The estimated increase of $252 per semester will take effect for the upcoming fall semester and reflect an estimated $9,065 annually for 30 semester credit hours (15 credit hours in the Fall & 15 in the Spring). Texas Tech states the increase will generate approximately $8.6 million in net revenue for the university, which will help offset significant budget cuts from the state.
“The increase in tuition and fees will enable us to offset a portion of the deficit we’ve incurred due to state budget cuts,” said Guy Bailey, Texas Tech president. “What we have maintained, however, is one of the best values in the state of Texas. In terms of costs, we remain second lowest among our peers in the Big 12 Conference and in the bottom quintile of our national peer institutions.”