These students are hooked on higher education. The University of Texas System runs 14 universities throughout the Lone Star State with a total enrollment of more than 228,000 students, making it one of the nation's largest university systems. Its flagship UT Austin campus, with some 51,000 students and a Longhorn mascot, has of the largest student populations in the US. UT System also runs half a dozen health institutions, including four medical schools. Fields of science, technology, engineering, and math also account for a good number of the undergraduate and graduate degrees conferred by the system. Established in 1876, UT Austin opened in 1883. The UT System was formally organized in 1950.
The primary purpose of the system is to provide administrative services for all of its campuses and institutions, including fundraising, endowment management, performance benchmarking, construction planning, and legal and real estate services. With more than 20,000 faculty and more than 80,000 health care professionals, researchers student advisors and support staff, the UT System is one of the largest employers in Texas. UT System is governed by a nine-member board of regents that is appointed by the Texas governor and confirmed by the Texas Senate.
The UT System's primary central administration office is located on the UT Austin campus. Besides Austin, the system boasts eight additional academic campuses in the Texas cities of Arlington, Brownsville, Dallas, Edinburg, El Paso, Odessa, San Antonio, and Tyler. The system also has a land management office in West Texas and a federal relations center in Washington, DC.
UT System has an annual budget of $16.9 billion.
The UT System's revenue rose in fiscal 2016 to $13.3 billion from $12.6 billion a year earlier. Increases in net tuition and fees, net sales and services of hospitals, net professional fees as a result of increases in patient volumes and rates, all helped the system's revenue increase, as well as net auxiliary enterprises attributable to increased gate receipts for athletic events.
Operating loss increased from $3.4 billion to $4 billion in 2016 thanks to rising operating expenses due to growing student enrollment, research, and patient care activities.
The UT System's administration has continued to work toward the overall goals of maintaining quality and affordability at the campuses, increasing graduation rates, and enhancing the system's standing in research and medical education. The organization has also been working to reduce its student-teacher ratios by increasing the number of faculty members.
In addition, the UT System has launched a $3 billion renovation and construction program at its campuses.
A large portion of the UT System's student population comprises students pursuing degrees in health-related fields. UT health institutions include the UT Medical Branch (UTMB) in Galveston, which includes medical schools and hospital locations, and the M. D. Anderson Cancer Center in Austin.
The UT Systems also expanded in South Texas, opening of The University of Texas Rio Grande Valley in 2015. In 2016 it opened two new medical schools, at The University of Texas at Austin, and UT Rio Grande Valley.
The UT System is also heavily focused on research. The system's institutions have about $2.6 billion annually in research expenditures, more than half of which is funded through federal grants.