Staff Report
The Associated Press

LUBBOCK, Texas (AP) - Regents of the Texas Tech University System have approved a nearly 4 percent tuition hike for the 2014-2015 academic year.

System officials say the tuition increase approved Tuesday during a conference call adds up to almost $183 more for 15 semester credit hours. A student with a 30-hour academic year would pay almost $366 more.

Texas Tech President M. Duane Nellis says tuition and fees were held flat last year so a "modest" increase was sought to invest in faculty and staff. He says the additional funds will also help continue the quality education and college experience that students expect.