*This post has been updated throughout.
University of Texas System Chancellor Bill McRaven says he supports increased tuition at eight of the system's universities, including UT Austin. At a Board of Regents meeting Wednesday, McRaven said tuition at UT schools is below the national average, but so are faculty salaries. Plus, he says many lower-income students attend UT schools on scholarships and grants.
“We need to continue, I think, to move forward with looking at how we take other steps to improve our universities," McRaven told the Regents. "But this is a very important one and, in reality, this is a very modest increase in dollars.”
UT Austin is proposing a three percent increase, which amounts to about $300 dollars more per year.