College Factual  by our College Data Analytics Team
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Can You Afford Texas Tech University?

Concerned about paying for college? Take a look at Texas Tech’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

Attendance Costs in 2020 - 2021 Varied Between $15,419 & $39,426

Worried about paying the full cost of $39,426 to attend Texas Tech University? That number can be deceiving, as the net amount most students will pay varies significantly.

For students living in Texas, the university offers a discount of 51.4% off tuition and fees. Also, 60.9% of freshmen receive some form of financial aid, with the average amount totaling $7,529. Students from low-income families receive an average of $11,737 in aid during their first year.

Cost for Residents of Texas (no aid)

Tuition and fees$11,600
+ Room and board$9,956
+ Other expenses$5,600
Total cost$27,156
Affordability Score (47 out of 100)
more expensive
less expensive

Net Price for Residents of Texas (with average aid)

Total cost$27,156
- Grants and scholarships$7,529
Net price$19,627
Affordability Score (45 out of 100)
more expensive
less expensive

Average Net Price for Low Income Residents of Texas

Total cost$27,156
- Grants and scholarships$11,737
Net price$15,419
Affordability Score (53 out of 100)
more expensive
less expensive

Cost for Non-Residents (no aid)

Tuition and fees$23,870
+ Room and board$9,956
+ Other expenses$5,600
Total cost$39,426
Affordability Score (32 out of 100)
more expensive
less expensive

Net Price for Non-Residents (with average aid)

Total cost$39,426
- Grants and scholarships$7,529
Net price$31,897
Affordability Score (18 out of 100)
more expensive
less expensive

Average Net Price for Low Income Non-Resident Undergraduates

Total cost$39,426
- Grants and scholarships$11,737
Net price$27,689
Affordability Score (18 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at Texas Tech.

Projected Costs Between $69,786 and $229,704 For a Four Year Degree. Between $33,670 and $113,108 For a Two Year Degree.

It can be a bit scary to look at the total projected cost of a college education over the course of a multi-year degree, however, doing so will help you better understand the financial commitment you are making.

The overall cost for on-campus, in-state students to attend Texas Tech University in 2020 - 2021 was $27,156. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 2.2% each year.

If this trend continues, we expect the full cost for incoming freshmen to be $28,353 during their first year. By their senior year, that cost will be approximately $30,248, for a bachelor degree candidate ($28,971 for an associate degree candidate) for a total of $117,174 over the course of four years ($57,324 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

The cost for out-of-state students is more, with an overall expected four-year cost of $166,336 based on a yearly growth rate of 1.5%. The expected two-year cost is $81,905.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Texas Tech University

Cost With Interest for Residents of Texas

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*3.0%2.2%
Freshman year$16,540$20,814$28,353
Senior year$17,130$21,434$28,971
Total 2-year net price$33,670$42,249$57,324
10-year loan interest @ 6.8%$12,827$16,095$21,838
Total monthly payment$387$486$660
Total amount paid$46,496$58,344$79,162
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*3.0%2.2%
Freshman year$16,540$20,814$28,353
Senior year$18,375$22,731$30,248
Total 4-year net price$69,786$87,053$117,174
10-year loan interest @ 6.8%$26,586$33,164$44,639
Total monthly payment$803$1,002$1,348
Total amount paid$96,372$120,217$161,813

Cost With Interest for Out-Of-State Residents

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*1.9%1.5%
Freshman year$28,825$33,101$40,642
Senior year$29,410$33,720$41,263
Total 2-year net price$58,234$66,821$81,905
10-year loan interest @ 6.8%$22,185$25,456$31,203
Total monthly payment$670$769$943
Total amount paid$80,419$92,278$113,108
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*1.9%1.5%
Freshman year$28,825$33,101$40,642
Senior year$30,616$34,993$42,536
Total 4-year net price$118,857$136,165$166,336
10-year loan interest @ 6.8%$45,280$51,874$63,368
Total monthly payment$1,368$1,567$1,914
Total amount paid$164,137$188,039$229,704

Visit net price and financial aid to learn more about the total cost of attending Texas Tech University.

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