Audio: How the UT System spends portions of its $20 billion endowment

Itโ€™s no secret that college is getting more expensive โ€“ or that Americaโ€™s student debt has erupted into a full-on crisis. But itโ€™s not just loans that are putting pressure on Americans seeking an education. This segment, produced by Reveal from the Center for Investigative Reportingย and PRXย โ€” and reported by The Texas Tribune’s Matthew Watkins and Neena Satija of the Tribune and Reveal โ€” explains that students face a variety of obstacles, from rising tuition rates to hard-line immigration laws.

A little over a year ago, administrators tapped Bill McRaven, a former four-star admiral, as chancellor of the University of Texas System. McRaven immediately proposed a series of โ€œquantum leapsโ€ that he promised would put UTโ€™s enormous endowment to good use โ€“ and make it โ€œthe envy of every system in the nation.โ€ Several huge purchases later (including a land parcel worth more than $215 million), questions still linger about whether students are benefiting from McRavenโ€™s sweeping changes.

Reveal is a weekly radio program produced by The Center for Investigative Reporting and PRX. For more, check outย their website andย subscribe to their podcast.

Disclosure: The University of Texas System has been a financial supporter of The Texas Tribune. A complete list of Tribune donors and sponsors is availableย here.

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Neena Satija worked at the Tribune from 2013 to 2019. She was an investigative reporter and radio producer for the Tribune and Reveal, a public radio program from the Center for Investigative Reporting....

Matthew Watkins began serving as editor in chief of the Tribune in September 2024. He is a Texas native, born in Houston and raised in Austin. He attended Texas A&M University and has spent his entire...