Big Bucks Go to Ease UT Tuition Rates

By: Associated Press
By: Associated Press

DALLAS -- University of Texas officials say the Board of Regents' decision to spend more of the system's endowment should ease the pressure for student tuition hikes.

Regents voted Thursday to start spending 5 percent a year from an $11.7 billion endowment called the Permanent University Fund.

That's up from a current rate of 4.75 percent.

The increase will mean a $27 million increase in funding for campuses next year.

UT campuses will share about $18 million of that money.

Campuses in the Texas A&M System, which also receives money for the fund, will receive the other $9 million.

UT System Chancellor Mark Yudof says the spending increase was justified by the endowment's strong investment returns in recent years.

He says the board also wanted to reduce the strain on students' wallets.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 15441651 - kbtx.com/a?a=15441651