How Texas Tech's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Texas Tech University since 2011.

For that period, the average number of students who received grants aid/scholarships is 17,380, which is 57.64 % of all undergraduate students. 13,302 students which is 44.82% of undergraduate students received federal student loans and the average loan amount is $7,734.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2011-12	13,414 (51%)	$6,785	7,695 (30%)	$4,028	12,957 (50%)	$8,492
2012-13	13,449 (51%)	$6,236	7,653 (29%)	$4,045	13,061 (49%)	$8,251
2013-14	14,215 (53%)	$6,414	7,555 (28%)	$4,089	13,007 (48%)	$8,293
2014-15	14,895 (52%)	$6,616	8,041 (28%)	$4,151	13,278 (46%)	$8,359
2015-16	15,620 (53%)	$7,042	7,811 (27%)	$4,212	13,186 (45%)	$8,385
2016-17	16,120 (54%)	$6,868	8,201 (27%)	$4,210	13,663 (46%)	$8,485
2017-18	16,787 (55%)	$7,182	8,636 (28%)	$4,624	13,791 (45%)	$8,649
2018-19	17,560 (55%)	$7,766	8,595 (27%)	$4,815	13,289 (42%)	$6,810
2019-20	22,391 (70%)	$6,988	8,176 (25%)	$5,323	12,846 (40%)	$6,347
2020-21	24,437 (73%)	$8,468	8,197 (25%)	$4,998	12,968 (39%)	$6,651
2021-22	22,296 (67%)	$8,856	8,367 (25%)	$5,010	14,276 (43%)	$6,348
Average	17,380 (57.64%)	$7,202	8,084 (27.18%)	$4,500	13,302 (44.82%)	$7,734

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 12 years, on average, 3,364 (60.82 % of students) received grants or scholarships and its average amount is $7,405. It can cover 30.29% of tuition & fees ($24,451) based on out-of-state rate.

In addition, 2,393 (44.36 % of students) students get helped from the students loans (average amount : $8,090).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2011-12	2,085 (47%)	$6,771	2,116 (48%)	$7,418
2012-13	2,438 (54%)	$6,609	2,137 (48%)	$7,700
2013-14	2,569 (54%)	$7,157	2,175 (46%)	$7,495
2014-15	2,760 (50%)	$6,698	2,513 (46%)	$8,550
2015-16	2,772 (55%)	$6,712	2,185 (43%)	$8,102
2016-17	2,629 (56%)	$6,632	2,069 (44%)	$8,163
2017-18	3,321 (57%)	$7,454	2,540 (44%)	$8,237
2018-19	3,706 (61%)	$7,529	2,575 (42%)	$8,661
2019-20	4,810 (80%)	$7,715	2,581 (43%)	$7,949
2020-21	4,944 (78%)	$8,823	2,695 (42%)	$8,372
2021-22	4,972 (77%)	$9,359	2,741 (42%)	$8,346
Average	3,364 (60.82%)	$7,405	2,393 (44.36%)	$8,090

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 12 years, on average, 1,309 (23.91 % of students) received Pell (federal) grants and its average amount is $4,648.

In addition, 1,126 students received State/local government grants/scholarships (21.27 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2011-12	1,168 (26%)	$4,257	21 (0%)	$1,926	1,132 (26%)	$3,870	1,357 (31%)	$3,481
2012-13	1,101 (24%)	$4,197	131 (3%)	$1,803	1,065 (24%)	$4,979	1,831 (41%)	$3,251
2013-14	1,156 (24%)	$4,273	128 (3%)	$1,841	1,291 (27%)	$4,706	1,830 (39%)	$3,900
2014-15	1,294 (23%)	$4,375	131 (2%)	$1,941	1,345 (24%)	$3,927	1,934 (35%)	$3,768
2015-16	1,173 (23%)	$4,369	36 (1%)	$2,123	1,198 (24%)	$4,045	2,189 (43%)	$3,910
2016-17	1,140 (24%)	$4,418	159 (3%)	$1,859	1,032 (22%)	$3,968	2,067 (44%)	$3,874
2017-18	1,439 (25%)	$4,661	71 (1%)	$1,661	866 (15%)	$6,073	2,682 (46%)	$4,724
2018-19	1,516 (25%)	$4,851	162 (3%)	$1,898	944 (16%)	$5,143	3,139 (52%)	$4,901
2019-20	1,352 (22%)	$5,407	2,394 (40%)	$890	1,010 (17%)	$6,049	4,054 (67%)	$5,318
2020-21	1,417 (22%)	$5,056	1,929 (30%)	$992	1,417 (22%)	$6,161	4,698 (74%)	$5,495
2021-22	1,641 (25%)	$5,265	143 (2%)	$971	1,086 (17%)	$5,989	4,820 (74%)	$6,484
Average	1,309 (23.91%)	$4,648	482 (8.80%)	$1,628	1,126 (21.27%)	$4,992	2,782 (49.64%)	$4,464

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 12 years, on average, 2,393 (44.36 % of students) get any students loan help and its average loan amount is $2,393.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2011-12	2,116 (48%)	$7,418	2,071 (47%)	$5,536	414 (9%)	$10,219
2012-13	2,137 (48%)	$7,700	2,083 (46%)	$5,643	415 (9%)	$11,330
2013-14	2,175 (46%)	$7,495	2,123 (45%)	$5,586	405 (9%)	$10,973
2014-15	2,513 (46%)	$8,550	2,399 (43%)	$5,558	700 (13%)	$11,646
2015-16	2,185 (43%)	$8,102	2,082 (41%)	$5,355	533 (10%)	$12,294
2016-17	2,069 (44%)	$8,163	1,981 (42%)	$5,421	482 (10%)	$12,759
2017-18	2,540 (44%)	$8,237	2,426 (42%)	$5,511	590 (10%)	$12,802
2018-19	2,575 (42%)	$8,661	2,441 (40%)	$5,506	668 (11%)	$13,265
2019-20	2,581 (43%)	$7,949	2,474 (41%)	$5,004	612 (10%)	$13,294
2020-21	2,695 (42%)	$8,372	2,562 (40%)	$5,243	625 (10%)	$14,606
2021-22	2,741 (42%)	$8,346	2,620 (40%)	$5,403	573 (9%)	$15,218
Average	2,393 (44.36%)	$8,090	2,297 (42.45%)	$5,433	547 (10.00%)	$12,582

Scholarships, Grants, and Loan Trends at Texas Tech

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

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