Official newspaper of The University of Texas at Austin

The Daily Texan

Official newspaper of The University of Texas at Austin

The Daily Texan

Official newspaper of The University of Texas at Austin

The Daily Texan

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October 4, 2022
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Tuition broken down at the University

According to University documents, UT expects to receive $596 million in tuition for the 2014-2015 fiscal year, which is .34 percent higher than the $594 million it budgeted to receive last year. In May, the UT System Board of Regents voted to freeze in-state undergraduate tuition while out-of-state tuition rose 2.6 percent. The regents will meet again in May to discuss more potential tuition increases.

The money the University receives from tuition is channeled into the “Academic Core” budget, which totals about $1.3 billion.

University spokesman Gary Susswein said it is difficult to determine the exact amount of funds that are allocated toward UT’s different colleges and expenses.


“It’s impossible to say — either university-wide or by college — which dollar in the Academic Core came from tuition, general revenue, etc. It’s all one pool of money, since it receives contributions from the different sources.”

The following is a breakdown of the “Academic Core” budget:

1.     Faculty and staff salaries – $805 million or 60 percent 

2.     Maintenance and operations –  $128 million or
9 percent

3.     Scholarships – $101 million or 7 percent

4.     Utilities – $62 million or 5 percent

5.     Transfer for debt service* – $53 million or 4 percent

6.     Transfer to capital* – $22 million or 2 percent

7.     Other expenses – $178 million or 13 percent

 

The $805 million of the “Academic Core” budget that goes toward supporting faculty and staff salaries is broken down
as follows:
 

1.     Staff salaries – $276 million or 34 percent

2.     Faculty salaries – $273 million or 34 percent

3.     Fringe benefits* – $209 million or 26 percent

4.     Teaching assistants – $30 million or 4 percent

5.     Wages – $17 million or 2 percent

Select categories explaination: 

· Debt service and “transfer to capital” are expenses allocated toward University information technology core services, infrastructure repair/replacement and critical instructional and administrative projects. Debt service expenses are also associated with providing recreational, health and student activities and instructional and administrative projects.

· Fringe benefits are expenses related to providing health insurance and retirement benefits for all University employees.

· “Other expenses” refer to other miscellaneous costs such as non-institutional
service costs.

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Tuition broken down at the University