Texas Tech University

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2020 Undergraduate Tuition
$8,683
28.8% growth from 2019
2020 Average Net Price
$15,452
After Financial Aid
2018 Student Loan
4.52%
Default Rate
2020 Acceptance Rate
70%
29,131 Applicants
2020 Enrolled Students
40,322
82.5% Full-Time
2020 Graduation Rate
63.4%
3,494 Graduates

About

Texas Tech University is a higher education institution located in Lubbock County, TX. In 2016, the most popular Bachelor's Degree concentrations at Texas Tech University were Mechanical Engineering (357 degrees awarded), Other Multidisciplinary Studies (351 degrees), and General Business Administration & Management (278 degrees).

In 2020, 9,196 degrees were awarded across all undergraduate and graduate programs at Texas Tech University. 50.1% of these degrees were awarded to women, and 49.9% awarded men. The most common race/ethnicity group of degree recipients was white (5,293 degrees), 2.61 times more than then the next closest race/ethnicity group, hispanic or latino (2031 degrees).

The median undergraduate tuition at Texas Tech University is $8,683, which is $−19,946 less than the national average for Doctoral Universities ($28,629).

Costs

The median undergraduate tuition at Texas Tech University is $8,683, which is $−19,946 less than the national average for Doctoral Universities ($28,629).

After taking grants and loans into account, the average net price for students is $15,452.

In 2020, 70% of undergraduate students attending Texas Tech University received financial aid through grants. Comparatively, 40% of undergraduate students received financial aid through loans.

Student Expenses

Tuition Costs

$8,683
2020 Undergraduate Tuition

In 2020, the cost of tuition at Texas Tech University was $8,683. The cost of tuition at Texas Tech University is $−19,946 less than than the overall (public and private) national average for Doctoral Universities ($28,629).

This chart compares the tuition costs of Texas Tech University (in red) with those of other similar universities.

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Average Net Price

$15,452
2020 Value
6.14%
1 Year Growth

In 2020 Texas Tech University had an average net price — the price paid after factoring in grants and loans — of $15,452. Between 2019 and 2020, the average net price of Texas Tech University grew by 6.14%.

This chart compares the average net price of Texas Tech University (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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Other Student Expenses

$8,670
Room and Board
$1,200
Books and Supplies

The average yearly cost of room and board at Texas Tech University was of $8,670 in 2020. During the same period, the average yearly cost of books and supplies was $1,200. The cost of room and board decreased by 11.3% between 2019 and 2020. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Texas Tech University (in red) with that of similar universities.

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Financial Aid

Financial Aid by Income Level

70%
Undergraduates Receiving Financial Aid through Grants
40%
Undergraduates Receiving Financial Aid through Loans

70% of undergraduate students at Texas Tech University received financial aid through grants or loans in 2020. This represents a growth of 27.3% with respect to 2019, when 55% of undergraduate students received financial aid.

This chart compares the average award discount at Texas Tech University (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.
4.52%
2018 Default Rate
291
Number of Defaults

In 2018 the default rate for borrower's at Texas Tech University was 4.52%, which represents 291 out of the 6432 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Admissions

Texas Tech University received 29,131 undergraduate applications in 2020, which represents a 14.8% annual growth. Out of those 29,131 applicants, 20,400 students were accepted for enrollment, representing a 70% acceptance rate.

There were 40,322 students enrolled at Texas Tech University in 2020, and 62% of first-time enrollees submitted SAT scores with their applications.

Texas Tech University has an overall enrollment yield of 32%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

70%
Acceptance Rate in 2020
20,400
Accepted Out of 29,131

In 2020, the undergraduate acceptance rate of Texas Tech University was 70% (20,400 admissions from 29,131 applications). This is higher than the acceptance rate of 2019, which was 68.9%. Between 2019 and 2020, the number of applicants grew by 14.8%, while admissions grew by 16.6%.

This chart compares the acceptance rate of Texas Tech University (in red) with that of other similar universities.

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SAT Scores

62%
Submission Percentage
4,047
Scores Submitted

62% of enrolled first-time students at Texas Tech University in 2020 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

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Enrollment

Texas Tech University has a total enrollment of 40,322 students. The full-time enrollment at Texas Tech University is 33,252 students and the part-time enrollment is 7,070. This means that 82.5% of students enrolled at Texas Tech University are enrolled full-time.

The enrolled student population at Texas Tech University, both undergraduate and graduate, is 53.2% White, 27.3% Hispanic or Latino, 6.18% Black or African American, 3.71% Two or More Races, 3.04% Asian, 0.322% American Indian or Alaska Native, and 0.0769% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Texas Tech University in full-time Undergraduate programs are most commonly White Male (27.9%), followed by White Female (26.9%) and Hispanic or Latino Female (14.7%). Students enrolled in full-time Graduate programs are most commonly White Female (24.2%), followed by White Male (22.7%) and Hispanic or Latino Female (7.47%).

Full-Time vs Part-Time Enrollment

82.5%
Full-Time Enrollment

The total enrollment at Texas Tech University, both undergraduate and graduate, is 40,322 students. The full-time enrollment at Texas Tech University is 33,252 and the part-time enrollment is 7,070. This means that 82.5% of students enrolled at Texas Tech University are enrolled full-time compared with 76.4% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at Texas Tech University (in red) compares to similar universities.

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Retention Rate over Time

87%
2020 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Texas Tech University was 87%. Compared with the full-time retention rate at similar Doctoral Universities (84.5%), Texas Tech University had a retention rate higher than its peers.

This chart shows the retention rate over time at Texas Tech University (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    21,458
  2. Hispanic or Latino
    10,992
  3. Black or African American
    2,491

The enrolled student population at Texas Tech University is 53.2% White, 27.3% Hispanic or Latino, 6.18% Black or African American, 3.71% Two or More Races, 3.04% Asian, 0.322% American Indian or Alaska Native, and 0.0769% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 49.8% White, 15.1% Hispanic or Latino, and 9.74% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 403 students (0.999%) did not report their race.

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Graduates

In 2020, 18 more women than men received degrees from Texas Tech University. The most common race/ethnicity group of degree recipients at Texas Tech University is white (5,293 degrees awarded). There were 2.61 times more white graduates than the next closest race/ethnicity group, hispanic or latino (2031 degrees).

The most common Bachelor's Degree concentration at Texas Tech University is Mechanical Engineering (357 degrees awarded), followed by Other Multidisciplinary Studies (351 degrees) and General Business Administration & Management (278 degrees).

The most specialized majors across all degree types at Texas Tech University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Architecture and Related Services (227 degrees awarded), Agriculture (442 degrees), and Human Sciences (598 degrees).

Workforce

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Texas Tech University are Software developers (355,753 people), Other managers (351,319 people), Miscellaneous engineers, including nuclear engineers (315,378 people), Civil engineers (250,133 people), and Mechanical engineers (181,579 people).

The most specialized majors at Texas Tech University are Architecture and Related Services (227 degrees awarded), Agriculture (442 degrees), Human Sciences (598 degrees), Engineering (1,086 degrees), and Parks, Recreation, & Leisure (388 degrees).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Texas Tech University are Surgeons, Dentists, Securities, commodities, & financial services sales agents, Physicians, and Nuclear medicine technologists and medical dosimetrists

The most specialized majors at Texas Tech University are Architecture and Related Services (227 degrees awarded), Agriculture (442 degrees), Human Sciences (598 degrees), Engineering (1,086 degrees), and Parks, Recreation, & Leisure (388 degrees).

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Common Industries by Major

The most common industries for people who hold a degree in one of the 5 most specialized majors at Texas Tech University are Architectural, engineering & related services (526,220 people), Computer Systems Design (401,870 people), Construction (307,406 people), Elementary & secondary schools (235,933 people), and Colleges, universities & professional schools, including junior colleges (232,577 people).

The most specialized majors at Texas Tech University are Architecture and Related Services (227 degrees awarded), Agriculture (442 degrees), Human Sciences (598 degrees), Engineering (1,086 degrees), and Parks, Recreation, & Leisure (388 degrees).

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Degrees

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Texas Tech University.
Most Common
  1. 357 degree-majorss awarded
  2. 351 degree-majorss awarded
  3. 278 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Texas Tech University was Mechanical Engineering with 357 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Texas Tech University according to their major.

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Sex Breakdown for Common Majors

4,589
Degrees Awarded to Men
in 2020
4,607
Degrees Awarded to Women
in 2020

In 2020, 4,589 degrees were awarded to men at Texas Tech University, which is 0.996 times less than the number of degrees awarded to females (4,607).

This chart displays the sex disparity between the top 5 majors at Texas Tech University by degrees awarded.

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Most Common Male Majors

In 2020, 342 degrees were awarded to men at Texas Tech University in Mechanical Engineering, which is 7.28 times more than the 47 female recipients with that same degree.

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Most Common Female Majors

In 2020, 238 degrees were awarded to women at Texas Tech University in Other Multidisciplinary Studies, which is 1.8 times more than the 132 male recipients with that same degree.

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Time to Complete

34%
100% Completion Time
60%
150% Completion Time

In 2020, 34% of students graduating from Texas Tech University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 60% completed their degrees within 150% of the normal time, and 62% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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Diversity

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Female
Highest Graduation Rate (75.4%)

The student demographic with the highest graduation rate at Texas Tech University is Female and Asian (75.4% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (72.4%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 0.429% of graduates (15 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    5,293 degrees awarded
  2. Hispanic or Latino
    2,031 degrees awarded
  3. Black or African American
    528 degrees awarded

The most common race/ethnicity at Texas Tech University is white (5,293 degrees awarded). There were 2.61 times more white recipients than the next closest race/ethnicity group, hispanic or latino (2031 degrees).

0.587% of degree recipients (54 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic
  1. White Female
    2,652 degrees awarded
  2. White Male
    2,641 degrees awarded
  3. Hispanic or Latino Female
    1,075 degrees awarded

The most common race/ethnicity and sex grouping at Texas Tech University is white female (2,652 degrees awarded). There were 1 times more white female recipients than the next closest race/ethnicity group, white male (2,641 degrees).

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Operations

Texas Tech University has an endowment valued at nearly $744M, as of the end of the 2020 fiscal year. The return on its endowment was of $3.25M (0.437%), compared to the 3.48% average return ($10.5M on $302M) across all Doctoral Universities.

In 2020, Texas Tech University had a total salary expenditure of $968M. Texas Tech University employs 633 Lecturers, 403 Professors, and 379 Associate professors. Most academics at Texas Tech University are Female Lecturers (336), Male Lecturers(297), and Male Professors (297).

The most common positions for non-instructional staff at Texas Tech University are: Office and Administrative Support, with 1226 employees, Service, with 469 employees, and Management with 462 employees.

Finances

Endowment

$744M
2020 Endowment
0.125%
growth from 2019

Texas Tech University has an endowment valued at about $744M, as of the end of the 2020 fiscal year. The endowment of Texas Tech University grew 0.125% from the previous year. The value of their endowment was $442M higher than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Texas Tech University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Highest Research Activity Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts
  1. $36.9M - Federal
  2. $24.4M - State
  3. $1.08M - Local

As of 2020, Texas Tech University received $36.9M in grants and contracts from the federal government, $24.4M from state grants and contracts, and $1.08M from local grants and contracts.

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Expenses

Salary Expenditure

$406M
2020 Salaries
2.42%
growth from 2019

In 2020, Texas Tech University paid a median of $406M in salaries, which represents 41.9% of their overall expenditure ($968M) and a 2.42% growth from the previous year. This is compared to a 5.44% growth from 2018 and a 0.176% growth from 2017.

The median for similar Doctoral Universities is 238M (43% of overall expenditures).

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Instructional Salaries

$163M
Instructional Salaries
1,763
Number of Employees

In 2020, Texas Tech University paid a total of $163M to 1,763 employees working as instructors, which represents 40.2% of all salaries paid.

This is compared to a median of $69.9M (29.4%) for similar Doctoral Universities.

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Faculty and Staff

Occupations by Share

Lecturer
Most Common Instructor
633 Employees
Office and Administrative Support
Most Common Non-Instructional Employee
1226 Employees

In 2020, the most common positions for instructional staff at Texas Tech University were Lecturer with 633 employees; Professor with 403 employees; and Professor with 379 employees.

In 2020, the most common positions for non-instructional staff at Texas Tech University were Office and Administrative Support with 1,226 employees; Service with 469 employees; and Management with 462 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic
  1. Female Lecturer
  2. Male Lecturer
  3. Male Professor

In 2020, the most common demographic for instructional staff at Texas Tech University was Female Lecturer with 336 employees, Male Lecturer with 297 employees, and Male Professor with 297 employees.

This chart shows the sex split between each academic rank present at Texas Tech University.

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