A new report shows the state has doled out more than $440 million over the last five years in state grants and aid to students who are not graduating on time.
The report, by Complete College America, claims out of Texas students entering four-year universities, only one-third graduate within four years.
Dr. Lawrence Schovanec, interim president at Tech, said there are several factors impacting the statistics.
"We always have to keep in mind that even though a goal of higher education is to educate and graduate students and get them through the system," Schovanec said, "life does sometimes get in the way. More and more we have students that work."
According to Schovanec, full-time college students in Texas take an average of 5.3 years to graduate and part-time students take about six years.
The report by Complete College America recommends paying students for performance and not just enrollment, by combining state funding with progression and completion.
The report also calls for block scheduling of classes, claiming this would help students with school and work balance.
Schovanec said Tech's six-year graduation rate is fourth in the state, behind the University of Texas at Austin, Texas A&M and University of Texas at Dallas.