For 140 years, The University of Texas System (the “U. T. System”) has improved the lives of Texans and people all over the world through education, health care and research.
The U. T. System is one of the largest public university systems in the nation and the world. With 14 institutions, more than 256,000 students are enrolled in both academic and health institutions across the state. Each year, U. T. System institutions produce more than 63,000 graduates including more than one‐third of the state’s undergraduate degrees and more than 60 percent of the State’s medical degrees. Almost half of all undergraduate degrees are awarded to students who qualified for a Pell Grant based on financial need while enrolled at a U. T. System institution. More than three‐fourths of undergraduate students secure jobs in Texas within a year after graduation, providing a skilled workforce and fueling the state’s economy. U. T. students who entered the Texas workforce between 2002 and 2019 had cumulative earnings through 2020 of $350 billion. The U. T. System is one of the largest employers in the state with more than 122,000 faculty, health care professionals, researchers, support staff, and student workers.
Transformational initiatives implemented over the past several years have cemented U. T. System as a national leader in higher education, including the expansion of educational opportunities in South Texas with the opening of U. T. Rio Grande Valley and its medical school in 2015, the combining of U. T. Tyler and U. T. Health Science Center – Tyler in 2020 and the opening of its medical school in the fall of 2023 as the seventh U. T. medical school. On September 1, 2023, the Board of Regents welcomed Stephen F. Austin State University as the 14th U. T. System institution following approval by the 88th Texas Legislature. In August of 2023, plans were announced regarding a monumental healthcare initiative to accelerate and expand U. T. Austin’s medical district into a world-class academic medical center for education, research and patient care. This will include U. T. M. D. Anderson Cancer Center expanding its footprint into Austin by building and operating a new comprehensive cancer center. In addition, U. T. Austin and its Dell Medical School will build and operate a new specialty hospital with groundbreaking anticipated in 2026. U. T. Southwestern Medical Center is currently partnering with Children’s Health System of Texas to build a new pediatric hospital facility slated to open in 2031. Partnerships with the Texas Health and Human Services Commission between both U. T. Southwestern Medical Center and U. T. Health Science Center - Houston are advancing with hospital support for psychiatric care in each of those areas. In December of 2024, U. T. Health Science Center - San Antonio Multispecialty and Research Hospital will open for care centered on treating cancer patients and on those who need to undergo complex surgical intervention using innovative technology. Creating a healthier Texas is a fundamental mission of U. T. institutions. Collectively, U. T. owned and affiliated hospitals and clinics accounted for more than 10.6 million outpatient visits and more than 2 million hospital days each year.
In addition to world‐class patient care, U. T. researchers are on the front lines of advancing treatments and therapies for deadly and debilitating diseases. Total annual research expenditures across the U. T. institutions exceeds $4.3 billion, and the U. T. System is first in Texas and second in the nation in federal research expenditures among public higher education systems.
For FY 2025, changes in the operating budget are largely driven by growth in health care activities related to hospital patient income and professional fees charged by U. T. faculty physicians and contractual arrangements with affiliated hospitals and health care systems. Tuition and fees revenues have largely remained flat with the exception of U. T. Arlington, U. T. Austin, U. T. Tyler, and U. T. Health Science Center - San Antonio where revenue forecasts indicate minimal growth in enrollment for certain programs. Flat or low increases to tuition and fee revenue are a reflection of a freeze in in-state undergraduate tuition and mandatory fees for FY 2024 and FY 2025 and stable enrollment across most of the institutions. Sponsored programs revenue has significantly improved overall with both federal funding and local and private sponsored program funding. Other drivers reflecting increases include gift in support of operations and net investment income.
