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UT leaders defend move to 7% PUF distribution and spotlight Promise Plus expansion
Summary
UT System Board chair and the UT chancellor told the Senate committee the Board revised Regents rule to set a 7% distribution rate to increase available funds for campuses and to support programs including Promise Plus, which they say has already helped more than 41,000 students.
Kevin Eltief, chair of the UT System Board of Regents, told the committee the Board revised Regents rule 8,803 on May 8, 2025 to set the distribution rate at the constitutional maximum of 7% and said the change is consistent with preserving the corpus while increasing predictable funding for students and capital needs. "We did this with the advice from UTMCo, making sure this would indeed preserve the corpus of the trust," he said.
UT's chancellor expanded on how PUF-derived AUF support has been used beyond Austin for shared services, deferred maintenance and scholarships. He described Promise Plus as a system program that covers tuition and mandatory fees for qualified in-state undergraduates whose families' adjusted gross income is below $100,000 and said the program has touched over 41,000 students to date. Committee members followed with questions about housing pressures and whether the program could be expanded to cover textbook costs.
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