Texas Tech University

2024

2024
President’s Annual Report

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Note from the President

I am proud to share that Texas Tech continues to make remarkable progress. Our enrollment has reached over 41,000 students, with notable increases in our graduation rates. We've also set new records in research funding, securing more than $122 million in awards last year, which will help propel us toward becoming a national leader in research and innovation.

We've launched a comprehensive campaign to enhance scholarships, faculty support, and research opportunities, already raising more than $750 million from our dedicated alumni and supporters. Additionally, we've invested in our campus infrastructure to create spaces that foster academic excellence and collaboration.

None of these achievements would be possible without your continued commitment and hard work. Together, we are positioning Texas Tech for even greater success in the years to come. Thank you for all that you do to make our university exceptional.

Sincerely,

Schovanec Signature

Lawrence Schovanec
President, Texas Tech University

President Lawrence Schovanec

I am proud to share that Texas Tech continues to make remarkable progress. Our enrollment has reached over 41,000 students, with notable increases in our graduation rates. We've also set new records in research funding, securing more than $122 million in awards last year, which will help propel us toward becoming a national leader in research and innovation.

We've launched a comprehensive campaign to enhance scholarships, faculty support, and research opportunities, already raising more than $750 million from our dedicated alumni and supporters. Additionally, we've invested in our campus infrastructure to create spaces that foster academic excellence and collaboration.

None of these achievements would be possible without your continued commitment and hard work. Together, we are positioning Texas Tech for even greater success in the years to come. Thank you for all that you do to make our university exceptional.

Sincerely,

Schovanec Signature

Lawrence Schovanec
President, Texas Tech University

Impact

Makers

Thanks to the transformative Texas University Fund, a nearly $4 billion endowment from the State of Texas, and the world-changing work being done by our researchers, Texas Tech’s impact on society has never been greater. By launching the Institute for One Health Innovation and the Critical Infrastructure Security Institute, the university is paying back the trust Texas voters showed by ensuring the future is healthier and more secure across the state and nation. As part of this commitment, the university strives to meet the rigorous benchmarks set by institutions in the Association of American Universities (AAU), advancing its position as a global research and innovation leader.

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The TUF provides us with unprecedented opportunities to enhance our research capabilities, improve our facilities and invest in our people.

// President Lawrence Schovanec

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    Record

    Progress

    For the first time in history, Texas Tech’s fall enrollment eclipsed 41,000 students, with research and philanthropic dollars also reaching new heights.

    Enrollment Highlights

    • Record
      Student Enrollment
      41,045
    • First-Generation
      Freshman Class
      32%
    • Total
      Graduate Enrollment
      (Includes Law & Vet Med)
      8,198

      Research Highlights

      • Total
        Research Expenditures
        $257M
      • Record
        Federal Research Expenditures
        $63M
      • Record
        Federal Awards
        $83M

        Philanthropy Highlights

        • Total
          Fundraising
          $176M
        • Total
          Donors
          38,340
        • Students Benefitting
          From Donor-Funded Scholarships
          8,700+

          First

          Timers

          Students and alumni helped Texas Tech find success in new places in 2024.

          New

          Ground

          Texas Tech’s facilities, footprint and identity continued to expand in 2024.

          Memorable

          Run

          The Fall 2024 semester was loaded with special activities on campus. Homecoming weekend brought thousands to campus for a concert featuring Midland and Niko Moon to mark the public launch of the university’s first-ever campaign. A few weeks later, a national college football pregame show was hosted live on campus for the first time since 2008.

          Moments that Matter

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          Memorable Run //

          Texas Tech University celebrated the 2024 Homecoming weekend, highlighting the excitement of this cherished tradition. The weekend also marked the launch of On & On: The Campaign for Texas Tech University, a major initiative aimed at shaping the university’s future.

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            Strategic

            Efforts

            Texas Tech spent 2024 aligning our strategic efforts around campus planning and enrollment management.

            Notable Benchmarks

            • Offered
              Scholarship Support
              $200M+
            • FY 23-24
              Degrees Conferred
              9,995
            • FY 23-24
              Doctoral Degrees Conferred
              415
            • 4-Year Graduation Rate
              Improves
              51%

            Distinctions & Achievements

            • Xinzhong Chen
              Awarded Prestigious Davenport Medal by International Association of Wind Engineering
            • Naïma Moustaïd-Moussa
              Named Fellow of the National Academy of Inventors
            • Ravindra Joshi
              Named Fellow of the American Association for the Advancement of Science
            • Magdalena Daniela Toda
              Named Fellow for the Association for Women in Mathematics

            News

            Makers

            The work being done at Texas Tech made national and international headlines in 2024. 

            Fearless

            Champions

            Texas Tech made its mark on a national level in 2024. Along with winning national titles in small co-ed cheer, trumpet and ABA mediation competitions, Red Raiders were crowned national champions in four other areas of continued excellence.

            Notable Achievements

            • Men’s Track & Field
              Won 2024 NCAA indoor national championships.
            • Ranch Horse
              The Ranch Horse Team claimed its fourth-straight national title.
            • Wool Judging
              For the third time in four years, Texas Tech earned the Wool Judging national championship.
            • Financial Planning
              Texas Tech’s Financial Planning team made it back-to-back national titles in 2024.

            In

            Memoriam

            Former Texas Tech President Robert W. Lawless helped move the university to new heights with consistent focus on academic excellence and growing a national profile.

            Discover His Legacy
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              ON

              & ON

              In 2024, for the first time in its history, Texas Tech launched a comprehensive fundraising campaign to support the continued success and growth of the university. On & On, the $1.2 billion campaign for Texas Tech, was publicly announced as part of a memorable Homecoming weekend.

              Explore Our Future
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              This campaign is about more than raising funds. It's about laying the groundwork for a Texas Tech that will continue to grow in prominence, impact and excellence.

              // President Lawrence Schovanec

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                Office of the President