It's All About the Hamiltons, Baby

The cost of being a Longhorn is about to go up. The Statesman reports that, beginning this fall, pending approval by the regents, tuition will go up about 10%, with an added 1.3% hike next fall. New University President William Powers gave his approval to the suggestion given by a panel of students, administrators and faculty late last year.
The nominal increase, which will raise tuition to just over $4,000 a semester, has met little opposition, as most see the new influx of money a necessity in making building improvements and attracting new professors. Furthermore, about 20% of the money would be used for financial aid, ensuring that families earning $40,000 or less a year would not have to shell out more money for tuition.
*Image (c) Austinist photographer Matt Wright*
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