https://www.texastribune.org/2019/0...160-million-financial-aid-ut-austin-students/
(They're actually pulling a quarter of a billion from the PUF...but I'm not sure where the rest is going) EDIT: The remainder is going to A&M as they get 1/3 of all the distributions
"At the same time these leftist hypocrites are protesting pipelines, frac'ing, and everything else the energy sector tries to do, they are simultaneously hoarding billions in dollars from the very industry they so despise, and using that money to teach a generation of students to hate our Texas values and and principles. We need to put to the voters of Texas a constitutional amendment that would take this golden calf known as the Permanent University Fund and return it to whom it belongs -- the people of the Great State of Texas."
Doubt it would work, but it's worth a shot in this climate.
(They're actually pulling a quarter of a billion from the PUF...
Seeking to make college more affordable, the University of Texas will use some of its oil money to dramatically expand the financial aid it offers to low- and middle-income undergraduates on its flagship Austin campus.
The system's governing board approved a special $160 million distribution from its endowment Tuesday, which school officials expect will fully cover the tuition and fees of students whose families earn up to $65,000 in adjusted gross income a year starting in 2020. The funding, which will be used to create a new financial aid endowment, will also let UT-Austin alleviate tuition costs for students whose families earn up to $125,000 annually, if they demonstrate financial need.
So here is the play if I'm Charles Perry or Dustin Burrows...I make the pitch to the voters of Texas that this money, which by rights should belong to ALL Texans, is being used to institute a socialist, free-college "utopia" using state funds to the benefit of one institution and one institution only.The system's governing board approved a special $160 million distribution from its endowment Tuesday, which school officials expect will fully cover the tuition and fees of students whose families earn up to $65,000 in adjusted gross income a year starting in 2020. The funding, which will be used to create a new financial aid endowment, will also let UT-Austin alleviate tuition costs for students whose families earn up to $125,000 annually, if they demonstrate financial need.
"At the same time these leftist hypocrites are protesting pipelines, frac'ing, and everything else the energy sector tries to do, they are simultaneously hoarding billions in dollars from the very industry they so despise, and using that money to teach a generation of students to hate our Texas values and and principles. We need to put to the voters of Texas a constitutional amendment that would take this golden calf known as the Permanent University Fund and return it to whom it belongs -- the people of the Great State of Texas."
Doubt it would work, but it's worth a shot in this climate.
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