College graduates in the United States earn nearly twice as much as their peers with only a high school diploma. Even if students must borrow to attend college, as graduates their higher income makes loans easier to repay. Most of us pay for our cars over time. But a car depreciates while an education appreciates.
It is rarely wise to judge an investment simply by cost. It makes much more sense to evaluate on the basis of anticipated return. Our students tell us that they are willing to pay higher tuition and fees to help ensure the quality and value of their degrees.
For this year, tuition increases as a result of tuition flexibility will generate approximately $76.5 million at UT System's nine academic institutions. These new tuition dollars directly benefit our students. They are used to hire more counselors and professors, to make library and finanicial aid and admission services more readily available to students, and to increase funds available for financial aid. [Link]
Investment in education by students, government and donors also pays tremendous dividends for Texas and the country. As we all know, an educated population is fundamental to democracy, to our quality of life and to our competitiveness in the global economy.
According to the United States Department of Education, among the 10 most populous states, the total price of attendance and tuition and fees at Texas 4-year public institutions continues to rank among the lowest.
All UT System academic institutions have tuition levels well below the average for top tier public institutions in the 10 most populous states. UT Austin ranks 7th. [Link]
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