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A&M System Regents Establish $100 Million Scholarship Fund

Chancellor John Sharp

COLLEGE STATION, Texas — The Texas A&M University System Board of Regents created a special $100 million scholarship fund to make the A&M System’s 11 universities better reflect the state’s demographics.

The scholarship program addresses diversity issues as well as concerns of students who are first-generation and from low-income families in the wake of economic uncertainty associated with COVID-19, current unemployment rates, and families’ depleted emergency savings.

“Historic challenges call for historic action,” said Chairman Elaine Mendoza. “Given the economic impact families are enduring across the state, it is imperative we act now before the Fall semester begins. Our board’s strategic plan articulates clearly our commitment to ensuring our institutions serve a diverse student body. By doing this now, our administration has another tool to support Texans and enable them to pursue their education.”

The program is in line with the Board of Regents’ Strategic Plan that promises the A&M System will remain accessible and affordable for all students, regardless of socioeconomic background.

Monday’s agenda item emphasized that “the A&M System must ensure that cost and a lack of support for diverse students do not prevent qualified students from attending and finding success at a member institution.”

“Too often, we are getting outbid for great kids by out-of-state schools that can make larger offers,” said Chancellor John Sharp. “We don’t intend to lose underrepresented students to them without a real serious fight. The goal is to make the A&M System look like Texas.”

The program provides $10 million annually over ten years for scholarships to students from all socioeconomic backgrounds, particularly low-income, first-generation students from geographically underrepresented regions of the state. The universities will be engaged in fundraising to help support this effort.
According to the U.S. Census Bureau, the state’s demographics last year broke down: 41.5% white, 39.6% Hispanic or Latino, and 12.8 percent black or African American.

Though system-wide, the 11 universities are within a few percentage points of reflecting the state’s demographic, the student population on some individual campuses skews this data. The strategic plan calls for all Texas A&M System universities to represent the population of the state better.

“This has been in the works for years,” said Chancellor Sharp. “With financial challenges from COVID-19, now is the time to do this.”

The Texas A&M University System
The Texas A&M University System is one of the largest systems of higher education in the nation with a budget of $6.3 billion. The System is a statewide network of 11 universities; a comprehensive health science center; eight state agencies, including the Texas Division of Emergency Management; and the RELLIS Campus. The Texas A&M System educates more than 151,000 students and makes more than 22 million additional educational contacts through service and outreach programs each year. System-wide, research and development expenditures exceeded $1 billion in FY 2019 and helped drive the state’s economy.