July 11th, 2019 | by CollegeAD

Starting next year, some University of Texas students will sure benefit from an endowment fund designed to help statewide families who make $65,000 or less. However, the $160 million in scholarship money earmarked for tuition and fees for in-state students is unlikely to give the UT athletic department any competitive advantage in most major NCAA sports. Texas athletics does not use any public funds. The athletic department is a self-funded enterprise, getting most of its revenue from television rights, ticket sales and donations. Still, the athletic department transfers money to academics to cover the cost of all scholarships. So while few UT athletes will benefit from the new tuition assistance program, “it will hopefully make all students athletes at UT-Austin feel great about their university,” Bird said. -Brian Davis, hookem. Read More.

About CollegeAD
Have a tip, job posting, or press release for CollegeAD? Email us at [email protected], or direct message @collegead. Sources always remain anonymous.

Comments are closed.

A Briefing Of The Day's College Athletics News
To Your Inbox Tonight.

* indicates required