LUBBOCK, TX (KCBD) - Texas Tech University Students will pay more for tuition this fall. The TTU Board of Regents approved the hike Monday afternoon. Regents approved a 9.9% increase in tuition and fees. It takes affect this fall.
Here's how that breaks down for an average student. Based on a student taking 15-credit hours a semester, they will pay an additional $351.00. Of that, $283.00 is tuition. $68.00 goes towards increased fees.
TTU President Guy Bailey tells NewsChannel 11 that the increase will keep the university from falling behind in faculty salaries. He tells us that right now, the school is losing some of their best faculty, which hurts in the race to become a top research institution, or Tier 1 school.
"There is a pot of gold at the end of the rainbow that I think everybody is after. That is the Tier 1 status which comes with funds attached to it. We have to earn that status, and again this increase is essential to help us to do that," Bailey said.
What do students think about this increase? We have reaction from the president of the student government association tonight on NewsChannel 11 at ten.
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