Texas Tech University

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2016 Undergraduate Tuition

$6,000

13.7% growth from 2015

2016 Average Net Price

$15,235

After Financial Aid

2015 Student Loan

6.45%

Default Rate

2016 Acceptance Rate

62.6%

23,311 Applicants

2016 Enrolled Students

36,551

84.2% Full-Time

2016 Graduation Rate

60%

2,857 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 Other Multidisciplinary Studies (441 degrees awarded), Kinesiology & Exercise Science (344 degrees), and General Marketing & Marketing Management (307 degrees).

In 2016, 7,714 degrees were awarded across all undergraduate and graduate programs at Texas Tech University. 49.3% of these degrees were awarded to women, and 50.7% awarded men. The majority of degree recipients were white (4,794 degrees), 3.6 times more than then the next closest race/ethnicity group, hispanic or latino (1330 degrees).

The median undergraduate tuition at Texas Tech University is $6,000, which is $-19,856 less than the national average for Doctoral Universities ($25,856).

Costs

The median undergraduate tuition at Texas Tech University is $6,000, which is $-19,856 less than the national average for Doctoral Universities ($25,856).

After taking grants and loans into account, the average net price for students is $15,235.

In 2016, 53% of undergraduate students received federal grants, while 45% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$6,000

2016 Undergraduate Tuition

In 2016, the cost of tuition at Texas Tech University was $6,000. The cost of tuition at Texas Tech University is $-19,856 less than than the overall (public and private) national average for Doctoral Universities ($25,856).

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

$15,235

2016 Value

1.53%

1 Year Growth

In 2016 Texas Tech University had an average net price — the price paid after factoring in grants and loans — of $15,235. Between 2015 and 2016, the average net price of Texas Tech University grew by 1.53%.

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

$8,928

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Texas Tech University was of $8,928 in 2016. During the same period, the average yearly cost of books and supplies was $1,200. The cost of room and board did not change between 2015 and 2016. 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

53%

Of Undergraduates Receive Grants

45%

Of Undergraduates Receive Federal Loans

53% of undergraduate students at Texas Tech University received grants or loans in 2016. This represents a growth of 1.92% with respect to 2015, when 52% 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.

6.45%

2015 Default Rate

425

Number of Defaults

In 2015 the default rate for borrower's at Texas Tech University was 6.45%, which represents 425 out of the 6594 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 23,311 undergraduate applications in 2016, which represents a 1.31% annual growth. Out of those 23,311 applicants, 14,592 students were accepted for enrollment, representing a 62.6% acceptance rate.

There were 36,551 students enrolled at Texas Tech University in 2016, and 51% of first-time enrollees submitted SAT scores with their applications.

Texas Tech University has an overall enrollment yield of 32.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

62.6%

Acceptance Rate in 2016

14,592

Accepted Out of 23,311

In 2016, the undergraduate acceptance rate of Texas Tech University was 62.6% (14,592 admissions from 23,311 applications). This is lower than the acceptance rate of 2015, which was 63.1%. Between 2015 and 2016, the number of applicants grew by 1.31%, while admissions grew by 0.565%.

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

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SAT Scores

51%

Submission Percentage

2,430

Scores Submitted

51% of enrolled first-time students at Texas Tech University in 2016 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 36,551 students. The full-time enrollment at Texas Tech University is 30,792 students and the part-time enrollment is 5,759. This means that 84.2% of students enrolled at Texas Tech University are enrolled full-time.

The enrolled student population at Texas Tech University, both undergraduate and graduate, is 57.5% White, 22.4% Hispanic or Latino, 5.98% Black or African American, 2.38% Asian, 2.3% Two or More Races, 0.304% American Indian or Alaska Native, and 0.12% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Texas Tech University in full-time Undergraduate programs are majority White Male (31.6%), followed by White Female (27.1%) and Hispanic or Latino Male (12.7%). Students enrolled in full-time Graduate programs are majority White Male (23.8%), followed by White Female (23%) and Hispanic or Latino Female (6.55%).

Full-Time vs Part-Time Enrollment

84.2%

Full-Time Enrollment

The total enrollment at Texas Tech University, both undergraduate and graduate, is 36,551 students. The full-time enrollment at Texas Tech University is 30,792 and the part-time enrollment is 5,759. This means that 84.2% of students enrolled at Texas Tech University are enrolled full-time compared with 78.1% 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

84%

2016 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 84%. Compared with the full-time retention rate at similar Doctoral Universities (83%), 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

    21,035

  2. Hispanic or Latino

    8,187

  3. Black or African American

    2,186

The enrolled student population at Texas Tech University is 57.5% White, 22.4% Hispanic or Latino, 5.98% Black or African American, 2.38% Asian, 2.3% Two or More Races, 0.304% American Indian or Alaska Native, and 0.12% 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 51.9% White, 12.8% Hispanic or Latino, and 9.36% 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, 174 students (0.476%) did not report their race.

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Graduates

In 2016, 106 fewer women than men received degrees from Texas Tech University. The majority of degree recipients at Texas Tech University are white (4,794 degrees awarded). There were 3.6 times more white graduates than the next closest race/ethnicity group, hispanic or latino (1330 degrees).

The most common Bachelor's Degree concentration at Texas Tech University is Other Multidisciplinary Studies (441 degrees awarded), followed by Kinesiology & Exercise Science (344 degrees) and General Marketing & Marketing Management (307 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 (236 degrees awarded), Agriculture (356 degrees), and Human Sciences (506 degrees).

Workforce

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Texas Tech University are Elementary & middle school teachers (131,453 people), Miscellaneous managers (124,919 people), Architects, except naval (100,027 people), Registered nurses (54,720 people), and Physicians & surgeons (52,574 people).

The most specialized majors at Texas Tech University are Architecture and Related Services (236 degrees awarded), Agriculture (356 degrees), Human Sciences (506 degrees), Parks, Recreation, & Leisure (387 degrees), and Interdisciplinary Studies (543 degrees).

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Highest Paying Jobs by Major

The most specialized majors at Texas Tech University are Architecture and Related Services (236 degrees awarded), Agriculture (356 degrees), Human Sciences (506 degrees), Parks, Recreation, & Leisure (387 degrees), and Interdisciplinary Studies (543 degrees).

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Common Industries by Major

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Texas Tech University are Elementary & secondary schools (234,152 people), Hospitals (182,016 people), Architectural, engineering & related services (140,807 people), Colleges, universities & professional schools, including junior colleges (121,123 people), and Construction (73,416 people).

The most specialized majors at Texas Tech University are Architecture and Related Services (236 degrees awarded), Agriculture (356 degrees), Human Sciences (506 degrees), Parks, Recreation, & Leisure (387 degrees), and Interdisciplinary Studies (543 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. 441 degrees awarded

  2. 344 degrees awarded

  3. 307 degrees awarded

In 2016, the most common bachelors degree concentration at Texas Tech University was Other Multidisciplinary Studies with 441 degrees awarded.

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

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 3,910

  2. 3,804

In 2016, 3,910 degrees were awarded to men at Texas Tech University, which is 1.03 times more than the number of degrees awarded to females (3,804).

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

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Most Common Male Majors

In 2016, 325 degrees were awarded to men at Texas Tech University in General Business Administration & Management, which is 1.8 times more than the 181 female recipients with that same degree.

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Most Common Female Majors

In 2016, 313 degrees were awarded to women at Texas Tech University in Other Multidisciplinary Studies, which is 2.13 times more than the 147 male recipients with that same degree.

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Time to Complete

33%

100% Completion Time

59%

150% Completion Time

In 2016, 33% of students graduating from Texas Tech University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 59% 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 Gender

Showing demographic groups with ≥ 5 graduating students.

American Indian or Alaska Native Female

Highest Graduation Rate (87.5%)

The student demographic with the highest graduation rate at Texas Tech University is Female and American Indian or Alaska Native (87.5% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (67.2%).

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, 0.665% of graduates (19 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    4,794 degrees awarded

  2. Hispanic or Latino

    1,330 degrees awarded

  3. Black or African American

    359 degrees awarded

The most common race/ethnicity at Texas Tech University is white (4,794 degrees awarded). There were 3.6 times more white recipients than the next closest race/ethnicity group, hispanic or latino (1330 degrees).

0.402% of degree recipients (31 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Male

    2,433 degrees awarded

  2. White Female

    2,361 degrees awarded

  3. Hispanic or Latino Female

    755 degrees awarded

The most common race/ethnicity and gender grouping at Texas Tech University is white male (2,433 degrees awarded). There were 1.03 times more white male recipients than the next closest race/ethnicity group, white female (2,361 degrees).

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Operations

Texas Tech University has an endowment valued at nearly $661M, as of the end of the 2015 fiscal year. The return on its endowment was of $21.1M (3.2%), compared to the 1.54% average return ($4.18M on $271M) across all Doctoral Universities.

In 2015, Texas Tech University had a total expenditure of $822M. Of that $822M, they spent $343M on salaries and $822M on benefits.

Texas Tech University employs 402 Associate professors, 376 Professors, and 366 Assistant professors. Most academics at Texas Tech University are Male Professors (296), Male Associate professors(258), and Male Assistant professors (209).

The most common positions for non-instructional staff at Texas Tech University are: Office and Administrative Support, with 1403 employees, Service, with 468 employees, and Management with 396 employees.

Finances

Endowment

$661M

2015 Endowment

1.93%

decline from 2014

Texas Tech University has an endowment valued at about $661M, as of the end of the 2015 fiscal year. The endowment of Texas Tech University declined 1.93% from the previous year. The value of their endowment was $390M 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. $37.7M - Federal

  2. $22.8M - State

  3. $691k - Local

As of 2015, Texas Tech University received $37.7M in grants and contracts from the federal government, $22.8M from state grants and contracts, and $691k from local grants and contracts.

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Expenses

Primary Expenses

Expenditure values can vary depending on whether the institution is public or private, and are not available for private-for-profit schools.

$343M

Salary Expenditure

$822M

Benefits Expenditure

In 2015, Texas Tech University had a total expenditure of $822M. Of that $822M, they spent $343M on salaries and $822M on benefits.

The bar chart shows the share of the primary expenses at Texas Tech University over time, and the line chart shows the expenditure for solely salaries and benefits over time compared to the median for the Doctoral Universities Carnegie Classification grouping.

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Expenditure by Category

This tree map shows all of the primary expenses of Research at Texas Tech University as a share of total expenditure.

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Salary Expenditure

$343M

2015 Salaries

4.58%

growth from 2014

In 2015, Texas Tech University paid a median of $343M in salaries, which represents 41.8% of their overall expenditure ($822M) and a 4.58% growth from the previous year. This is compared to a 6.36% growth from 2013 and a 4.61% growth from 2012.

The median for similar Doctoral Universities is 206M (43.4% of overall expenditures).

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Instructional Salaries

$117M

Instructional Salaries

1,383

Number of Employees

In 2015, Texas Tech University paid a total of $117M to 1,383 employees working as instructors, which represents 34% of all salaries paid.

This is compared to a median of $62.1M (30.2%) for similar Doctoral Universities.

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Faculty and Staff

Occupations by Share

Associate professor

Most Common Instructor

402 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

1403 Employees

In 2016, the most common positions for instructional staff at Texas Tech University were Associate professor with 402 employees; Professor with 376 employees; and Professor with 366 employees.

In 2016, the most common positions for non-instructional staff at Texas Tech University were Office and Administrative Support with 1,403 employees; Service with 468 employees; and Management with 396 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Male Professor

  2. Male Associate professor

  3. Male Assistant professor

In 2016, the most common demographic for instructional staff at Texas Tech University was Male Professor with 296 employees, Male Associate professor with 258 employees, and Male Assistant professor with 209 employees.

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

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