Red Raiders and their parents can breathe a sigh of relief. The Texas Tech Board of Regents voted unanimously Friday to keep their current tuition and fees.
Chancellor Kent Hance says this move is all about making Texas Tech accessible to those deserving of a Red Raider education.
"This is the best value of any college or university in the nation," Hance said.
Texas Tech students are now paying $7,517 for 24 credit hours and that's how it will stay.
"No increase in tuition, no increase in fees, no increase in room and board. We have a lot of students that have a marginal income, or their parents do, and they've not been able to afford some things," Hance said.
Regent John Steinmetz says this board has worked tirelessly to keep tuition down.
"We have, for many years, faced appropriation cuts and the board did a great job evaluating the challenges to keep tuition steady," Steinmetz said.
The board also discussed implementing a program that would keep rates the same for students all four years they attend Texas Tech.
"It was important for us to be able to say 'ya know what, If my child starts today or I take out student loans tomorrow, that's what my education will cost," Steinmetz said.
This plan will be voted on at a later date and could begin next year. Steinmetz says this is just another way Texas Tech is expanding their territory.
"It's an opportunity for families to get a great return on your investment here at Texas Tech," Steinmetz said.
The last tuition increase was 1.95 percent. Increases in the future are likely to occur, but board members say they're trying their best to keep Texas Tech affordable.
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