Tennessee Tech University is set to implement a tuition increase for the upcoming academic year, following a special Board of Trustees meeting on April 30, 2025. The board approved a $17 per credit hour increase for undergraduate students taking 11 credit hours or less, raising the base rate from $350 to $367, which represents an increase of approximately 4.8%. Graduate students will also see a rise in tuition, with additional fees for credit hours beyond the 10-hour threshold.
The decision comes amid rising operational costs, including state-mandated scholarships and faculty promotions, which are projected to increase the university's expenses by approximately $22 million. The board discussed the necessity of the tuition hike as a strategic business decision to maintain financial stability while continuing to provide quality education.
In addition to the tuition adjustments, the board reviewed the financial landscape of Tennessee Tech in comparison to other institutions in the region. The university's tuition remains competitive, positioned in the middle range compared to similar schools, with some institutions like the University of Tennessee at Knoxville charging significantly more.
The projected revenue from the tuition increase is expected to generate approximately $4.28 million, which will help offset the university's rising costs and support essential programs. The board emphasized the importance of balancing affordability for students with the financial health of the institution.
As Tennessee Tech prepares for these changes, the administration remains committed to exploring cost-reduction strategies and ensuring that students have access to necessary resources and support. The board's decisions reflect a proactive approach to managing the university's budget while prioritizing educational quality and student success.