Financial Magazine Ranks Tech Among Tops

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Texas Tech University was recently ranked the 20th best value among schools that cost less than $30,000 per year by the same magazine that recently listed Tech as No. 11 for having students graduate with the least average debt.

Tech is the only Texas college on Kiplinger Personal Finance magazine’s list, but Oklahoma State University and Iowa State University also represented the Big 12 Conference on the list.

According to a Thursday Tech news release, tuition and mandatory fees cost Tech undergraduate Texas students $7,517 for 24 credit hours. With a university goal to acquire 40,000 students by 2020, the release said the university officials hoped to boost student enrollment and retention by not raising tuition and fees for the 2013-2014 school year.

“Texas Tech has one of the lowest in-state and out-of-state tuitions in the country, making it a great value nationally,” Tech President M. Duane Nellis said.

Jessica Weeg, an account executive for The Rosen Group, which represents the Kiplinger account, said the list is purely numerical based.

Photo by Morgan Ashleigh

Photo by Morgan Ashleigh

According to a previous Tech news release, Tech shows up as the 11th best school in the student average graduation debt on Kiplinger’s “best value college list”. Kiplinger’s data indicates Tech students graduate with $18,358 in debt on average.

One other Texas school beats out Tech. Kiplinger’s table indicates the University of Texas at Dallas ranks No. 6 with an average student graduation debt of $17,516.

“Kiplinger assesses quality according to a number of measurable standards, including the admission rate, percentage of students who return for sophomore year, student-faculty ratio and four-year graduation rate,” the news release stated. “Cost criteria include low sticker prices, abundant financial aid and low average debt at graduation.”

The news release said Tech has also appeared on U.S. News & World Report’s national top 30 list of schools with students who incur the least amount of debt each of the last two years.
Kiplinger ranked Tech 87th overall on the 2014 list of public colleges with the best value.
About Alicia Keene

Graduate Executive Director
Alicia Keene is a dual master's student from Austin, Texas studying mass communication and business. One day, she hopes to work for a prominent news publication in a major city as either a reporter or producer.