Thursday afternoon in San Angelo, the Texas Tech University System Board of Regents Finance & Administration Committee approved a tuition increase for the 2015-16 Academic Year.

The 2.18 percent increase is expected to be approved by the full board of regents on Friday.  According to Texas Tech officials, the increase amounts to an additional $104.55 for 15 semester credit hours, or $209.10 for a 30-hour academic year.

“Providing a high quality education to our students is paramount in our mission as an institution of higher learning,” said Texas Tech University President Duane Nellis. “We worked diligently over the last year to enhance our efficiencies in order to keep the increase low, but also allow us the resources to support our infrastructure and maintain that high level of education.”

Texas Tech officials estimate an average set of tuition and fees, $7,978 for 24-semester credit hours (2015-16 academic year), will rank the third-lowest among nine peer institutions throughout the state, including the University of Texas- Austin, Texas A&M University, the University of Houston and University of North Texas.