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The Texas Tech University System board of regents swears in new members, Thursday, May 4, 2023, at the Texas Tech University System Admin Building. Here are takeaways from Thursday's meeting.
In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least $500,000 per student. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time.
Tuition and fees do not include the cost of housing and food. For most students in the US, the cost of living away from home, whether in a dorm room or by renting an apartment, would exceed the cost of tuition and fees. [7] [9] In the 2023–2024 school year, living on campus (room and board) usually cost about $12,000 to $15,000 per student. [7]
The Texas Tech University System is a public university system in Texas with five member universities. Headquartered in Lubbock, Texas, the Texas Tech University System is a $3 billion enterprise focused on advancing higher education, health care, research, and outreach with approximately 21,000 employees, more than 63,000 students, nearly 400,000 alumni and an endowment valued at $3.06 billion.
(The Center Square) – The University of Texas System may soon offer "tuition free education" to students whose families make less than $100,000 a year, a program some are calling “a socialist ...
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Texas Tech University (Texas Tech, Tech, or TTU) is a public research university in Lubbock, Texas, United States. Established on February 10, 1923, and called Texas Technological College until 1969, it is the flagship institution of the five-institution Texas Tech University System .
Texas Tech President Lawrence Schovanec speaks at the State of the University Address on Sept. 25, 2024, at the J.T & Margaret Talkington College of Visual and Performing Arts in Lubbock.