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The Permanent University Fund was established by the 1876 Constitution of the State of Texas. [2] Initially, its assets included one-tenth of University of Texas at Austin lands bordering the railroads (UT Austin was granted 1 million acres (4,000 km 2) in West Texas as compensation) as well as 1 million acres (4,000 km 2) additional. [3]
210 West 7th Street. , Austin, Texas, U.S. Website. www .utsystem .edu. The University of Texas System ( UT System) is a public university system in the U.S. state of Texas. It includes nine universities and five independent health institutions. The UT System is headquartered in Downtown Austin. It is the largest university system in Texas with ...
Website. utexas .edu. The University of Texas at Austin ( UT Austin, UT, or Texas) is a public research university in Austin, Texas. Founded in 1883, it is the flagship institution of the University of Texas System. With 52,384 students as of Fall 2022, it is also the largest institution in the system. [ 12] The university is a major center for ...
In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least $500,000 per student. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time.
The Texas Tomorrow Fund is a prepaid college investment program operating in Texas . There are two plans: The Texas College Savings Plan (formerly the Tomorrow's College Investment Plan). The former, The Texas Guaranteed Tuition Plan, is a constitutionally guaranteed plan administered by the Board that allows individuals to prepay college ...
In 2016–17, the average cost of annual tuition in the United States ranged from $9,700 for public four-year institutions to $33,500 for private four-year institutions. [ 7] Private colleges increased their tuition by an average of 1.7 percent in 2016–17, the smallest rise in four decades, according to the U.S. Consumer Price Index. [ 7]
The total cost of attendance (indicating the cost of tuition, fees, and living expenses) at Texas Law for the 2016–2017 academic year is $56,161 for residents and $73,831 for non-residents. [32] The Law School Transparency estimated debt-financed cost of attendance for three years is $197,389 for residents and $254,278 for nonresidents.
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