February 1, 2002
Flagship Campuses of U. of Texas and Texas A&M Consider Imposing New Fees
Sometimes, a multibillion-dollar endowment just isn't enough.
The University of Texas at Austin and Texas A&M University at College Station, the two main beneficiaries of the state's $7.5-billion Permanent University Fund, say reduced state financing is forcing them to consider new student fees.
Austin's president, Larry R. Faulkner, has asked the UT System's Board of Regents to approve an "infrastructure fee" that would rise to $1,000 per year by 2006-7 for a student taking
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