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UT Austin president announces increased financial aid, new career center for students

During the 2018 State of the University address, UT Austin President Gregory Fenves said the university's financial aid will increase for middle and low-income students.

AUSTIN — The University of Texas at Austin president announced Thursday that the university has expanded their financial aid commitment and will build a new career center for students.

During the 2018 State of the University address, UT President Gregory Fenves said the university's financial aid will increase for middle- and low-income students. Fenves also shared that the university will build a new career and development center in the Flawn Academic Center on campus.

Credit: University of Texas at Austin
President Gregory L. Fenves delivers the 2018 State of the University address.

“Our responsibility to UT students starts with access, then moves to graduation, but it doesn’t end with graduation,” Fenves said. “It continues with upward mobility — and the opportunity for our students to achieve the American Dream.”

Fenves outlined his vision on how UT can become the best public university in America and highlighted three broad ways to achieve that goal:

  • Provide increased financial support to UT’s students.
  • Commit to advancing faculty careers and scholarship, as the university has done by making faculty compensation more competitive and by introducing a new multidisciplinary research program, Bridging Barriers.
  • Serve the state and create a more vibrant Texas by contributing to knowledge and progress across disciplines — from health care to the arts, sciences, education, humanities and business.

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In order to achieve these goals, UT introduced the Texas Advance Commitment, which allows incoming Texas students with family incomes up to $100,000, who have financial need, to have "guaranteed" support. Eligible students with family incomes up to $30,000 will receive at least enough aid to cover full tuition costs, according to the university.

The new career center building. which will be called the Center for Career Exploration and Development, will provide resources to help students succeed after graduation.

For a full transcript of Fenves' speech, click here.

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