UT Raising Money Money Money!

In the Austin American Statesman has an article called "UT seeking to raise more than $2 billion." This article is about UT following in the steps of many other colleges to raise money for their school and some of the student’s attending UT. Although an amount has not yet been set, it's said that UT will try to raise between two and four billion dollars. UT is checking with donors and other sources that the school gets money from to see what a reasonable goal is. The school's last drive raised about 1.6 billion dollars last year and the money went to research, athletic buildings, and scholarships and ect. This year most of the money that UT raises is said to go towards scholarships. Many ask why UT would need to raise more money when they have a 7.2 billion dollars endowment, a 4.2 billion dollar share of the state’s permanent University fund and about 3 billion dollars in private gifts. UT Says that they are giving the money for scholarships to soften the blow of a 7.8 percent tuition increase next year and a 6.9 percent increase the following. I don’t understand this concept if the school wants to help so much with paying some of the students tuition , why don’t they just not raise tuition then they want have to try to raise money for scholarships and everyone can be happy. That's if UT really wants to help. UT plans on getting about one third to one half of the money that the school plans on raising during their quit phrase so that they can be certain that they will be able to achieve what every money amount that is set as the goal for UT.