Do the Math.
The average Texas Tech University student in 2004 took 5.5 years (11 semesters) to graduate.
The average out-of-pocket cost per semester for a Texas resident to attain a degree is $9,931 (tuition, fees, books, room and board, transportation).
More than 70 percent of degrees at Texas Tech are designed to take four years to complete with a minimum semester course load of 15 hours.
Students who spend 5.5 years getting a 4-year degree spend more than $29,793 extra for college and lose $45,000 or more in wages they would have earned had they graduated on time and begun their professional career.