You are likely aware that the 82nd session of the Texas legislature is dealing with a budget crisis that has serious implications for education at all levels.
Proposed cuts in the Texas Tuition Equalization Grant (TEG) are of particular concern to the students served by Texas independent colleges and universities. This year at St. Edward’s, 30% of our 3,531 undergraduate students depend on support from TEG funds to continue their education.
I am writing today to help make you aware of the vital importance of TEG funding and to encourage you to contact your legislators. Please urge them to restore full funding to the TEG program.
As a taxpayer, it is important for you to know that tax dollars spent on TEG funding to support needy students is money well invested. Students who receive TEG funding at St. Edward’s succeed and graduate at rates significantly higher than the state or national rates for all undergraduate students. St. Edward’s is committed to furthering the graduation rate of students. The six-year graduation rate for TEG recipients at St. Edward’s is 70%.
I encourage you to consider several compelling reasons to contact your legislators and assist in supporting the TEG program:
- TEG reduces taxpayer costs for higher education by providing limited financial assistance to needy Texas students attending Texas independent institutions of higher education.
- In fiscal year 2009, if TEG recipients had enrolled at state universities, Texas taxpayers would have paid more than $232 million, or more than twice the appropriation for TEG.
- Approximately 40% of TEG students are from families who can contribute $1000 or less per year to college expenses.
Here’s what you can do:
This year TEG is helping more than 1,000 needy students afford the transformative Holy Cross education that you experienced here at St. Edward’s. Please act now to help preserve this critical funding so more students will have the same option that you had for a St. Edward’s education.
George E. Martin, Ph.D