Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 18,258, which is 59.11 % of all undergraduate students. 13,367 students which is 43.78% of undergraduate students received federal student loans and the average loan amount is $7,592.

For full-time, first-time beginning students (freshmen), 63.11% of students received grants or scholarships and 44% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Texas Tech University since 2013.

For that period, the average number of students who received grants aid/scholarships is 18,258, which is 59.11 % of all undergraduate students. 13,367 students which is 43.78% of undergraduate students received federal student loans and the average loan amount is $7,592.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1414,215 (53%)$6,4147,555 (28%)$4,08913,007 (48%)$8,293
2014-1514,895 (52%)$6,6168,041 (28%)$4,15113,278 (46%)$8,359
2015-1615,620 (53%)$7,0427,811 (27%)$4,21213,186 (45%)$8,385
2016-1716,120 (54%)$6,8688,201 (27%)$4,21013,663 (46%)$8,485
2017-1816,787 (55%)$7,1828,636 (28%)$4,62413,791 (45%)$8,649
2018-1917,560 (55%)$7,7668,595 (27%)$4,81513,289 (42%)$6,810
2019-2022,391 (70%)$6,9888,176 (25%)$5,32312,846 (40%)$6,347
2020-2124,437 (73%)$8,4688,197 (25%)$4,99812,968 (39%)$6,651
2021-2222,296 (67%)$8,8568,367 (25%)$5,01014,276 (43%)$6,348
Average18,258 (59.11%)$7,3568,175 (26.67%)$4,60413,367 (43.78%)$7,592
*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.

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

For the last 10 years, on average, 3,609 (63.11 % of students) received grants or scholarships and its average amount is $7,564. It can cover 30.94% of tuition & fees ($24,451) based on out-of-state rate.

In addition, 2,453 (43.56 % of students) students get helped from the students loans (average amount : $8,208).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,569 (54%)$7,1572,175 (46%)$7,495
2014-152,760 (50%)$6,6982,513 (46%)$8,550
2015-162,772 (55%)$6,7122,185 (43%)$8,102
2016-172,629 (56%)$6,6322,069 (44%)$8,163
2017-183,321 (57%)$7,4542,540 (44%)$8,237
2018-193,706 (61%)$7,5292,575 (42%)$8,661
2019-204,810 (80%)$7,7152,581 (43%)$7,949
2020-214,944 (78%)$8,8232,695 (42%)$8,372
2021-224,972 (77%)$9,3592,741 (42%)$8,346
Average3,609 (63.11%)$7,5642,453 (43.56%)$8,208
*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 10 years, on average, 1,348 (23.67 % of students) received Pell (federal) grants and its average amount is $4,742.

In addition, 1,132 students received State/local government grants/scholarships (20.44 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-141,156 (24%)$4,273128 (3%)$1,8411,291 (27%)$4,7061,830 (39%)$3,900
2014-151,294 (23%)$4,375131 (2%)$1,9411,345 (24%)$3,9271,934 (35%)$3,768
2015-161,173 (23%)$4,36936 (1%)$2,1231,198 (24%)$4,0452,189 (43%)$3,910
2016-171,140 (24%)$4,418159 (3%)$1,8591,032 (22%)$3,9682,067 (44%)$3,874
2017-181,439 (25%)$4,66171 (1%)$1,661866 (15%)$6,0732,682 (46%)$4,724
2018-191,516 (25%)$4,851162 (3%)$1,898944 (16%)$5,1433,139 (52%)$4,901
2019-201,352 (22%)$5,4072,394 (40%)$8901,010 (17%)$6,0494,054 (67%)$5,318
2020-211,417 (22%)$5,0561,929 (30%)$9921,417 (22%)$6,1614,698 (74%)$5,495
2021-221,641 (25%)$5,265143 (2%)$9711,086 (17%)$5,9894,820 (74%)$6,484
Average1,348 (23.67%)$4,742573 (9.44%)$1,5751,132 (20.44%)$5,1183,046 (52.67%)$4,708
*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 10 years, on average, 2,453 (43.56 % of students) get any students loan help and its average loan amount is $2,453.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-142,175 (46%)$7,4952,123 (45%)$5,586405 (9%)$10,973
2014-152,513 (46%)$8,5502,399 (43%)$5,558700 (13%)$11,646
2015-162,185 (43%)$8,1022,082 (41%)$5,355533 (10%)$12,294
2016-172,069 (44%)$8,1631,981 (42%)$5,421482 (10%)$12,759
2017-182,540 (44%)$8,2372,426 (42%)$5,511590 (10%)$12,802
2018-192,575 (42%)$8,6612,441 (40%)$5,506668 (11%)$13,265
2019-202,581 (43%)$7,9492,474 (41%)$5,004612 (10%)$13,294
2020-212,695 (42%)$8,3722,562 (40%)$5,243625 (10%)$14,606
2021-222,741 (42%)$8,3462,620 (40%)$5,403573 (9%)$15,218
Average2,453 (43.56%)$8,2082,345 (41.56%)$5,399576 (10.22%)$12,984

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