This week, the University of Texas Board of Regents was considering a tuition rate increase recommended by UT President Bill Powers.
“To put a college degree within reach for more students and to combat the epidemic of student indebtedness, we should place a far greater emphasis on controlling the spiraling costs of a college education,” Gov Rick Perry wrote in a letter to UT Regents. “Forcing students to bear the brunt of additional costs is not the solution.”
Gov. Perry has long advocated for increasing efficiencies at public universities and introduced the concept of the $10,000 degree plan which was initially met with resistance and some outrage. Since 2011, $10,000 degrees have become a reality. Gov. perry encouraged regents to make college more affordable. That reform sparked heated debate and
He wrote regents this week: “As you consider tuition increases for UT System institutions today, I trust the board will consider all opportunities for system-wide cost efficiencies as well as revenue streams – such as the exponential growth in the value of the Permanent University Fund – that will allow you to meet institutional needs without placing additional financial burdens on students and parents.
We at Americans for Prosperity-Texas advocate for efficiency in government operations and appreciate Gov. Perry’s urging efficiencies and use of the PUF. As of the end of 2013, the market value & book value of the Permanent University Fund (PUF) was $15.9 billion and $12.9 B respectively, exclusive of land acreage.
Our public universities should be subject to the same accountability and transparency in spending that applies to other state agencies. Taxpayers, as well as University students, faculty and parents, deserve no less than full transparency and accountability.