On Monday state legislators also took the caps off of deregulation, that means each university can set its own tuition and fees according to what it considers it's marketability to be. This decision isn't necessarily a good or bad thing for Texas Tech, it means Tech is going to have to make some decisions on what increases are necessary.
Tech's budget has been cut, and there's no question tuition and fees will go up, possibly as early as next spring. But Tech Administration insists they will do what it takes to make ends meet and stay competitive. "We're going to do our best to try to stay competitive and to keep our tuition and fees affordable and at the same try to increase our scholarship endowment to try to help students with the increased costs," said Interim President Dr. Donald Haragan.
Interim President Dr. Donald Haragan says fund raising to increase scholarship endowments is the key, but ultimately the board of regents will decide when to increase and how much.