Report: University of Texas could save $490M - KXXV-TV News Channel 25 - Central Texas News and Weather for Waco, Temple, Killeen |

Report: University of Texas could save $490M

AUSTIN, Texas (AP) - University of Texas President Bill Powers has released a new report suggesting ways the school could generate $490 million in savings and revenue over the next decade.

Among the recommendations presented Tuesday is raising room & board fees for students who already are facing mounting tuition costs.

The report says the university also could save money by streamlining business costs and doing a better job commercializing its research and technology.

The report was prepared for the university by a group of business leaders. Powers endorsed the goal of saving money, but says the school will be cautious about changes that could increase student expenses.

Texas lawmakers slashed nearly $1 billion from higher education in 2011 and schools are under pressure from Gov. Rick Perry to rein in tuition rates.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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