Texas Exes Announce New Scholarship Program

March 24, 2009

AUSTIN, Texas — The Texas Exes, the alumni association for The University of Texas at Austin, has announced the launch of a new scholarship program, the 40 Acres Scholars. The program will be the largest merit-based scholarship program on the university campus.

The 40 Acres Scholars Program will offer a comprehensive financial package to qualified undergraduate students. This package will include full four-year scholarships, including tuition, fees, books and living expenses; priority housing in honors residence halls; and funding for summer programs such as study abroad, public service and internships.

"This program will uniquely expand UT's role of 'changing people, who then change the world,' by identifying top scholars with leadership potential and creating a student experience unlike any other on campus," said Jim Boon, executive director of the Texas Exes.

The goal of the 40 Acres Scholars Program is to build an endowment of $150 million. Income from the endowment will support up to 75 students each year and create over time a steady group of about 300 students, making it one of the largest merit-based scholarship programs in the country. It will be the first program of its kind on the university campus and will enable the university to compete with the nation's best universities for top students. The Texas Exes Scholarship Foundation will manage the endowment and administer the program. The first scholarship will be awarded in 2011.

The Texas Exes scholarship program has grown to become the largest in the nation among alumni associations, awarding more than $2 million each year to about 700 students. The scholarships have been established by alumni and alumni groups, including Texas Exes chapters, and other friends of the university.

The Texas Exes, the alumni association for The University of Texas at Austin, was founded in 1885. The mission of the Texas Exes is to unite, inform and involve alumni and friends for the purpose of promoting, protecting and preserving the university. Today there are nearly 87,000 members whom the association strives to connect to each other and to the past, present and future of the university through career counseling, travel, reunions, continuing education, fellowship, legislative advocacy in support of higher education and The Alcalde magazine. For more information on Texas Exes or to become a member, visit www.TexasExes.org.

For more information, contact: Erin Huddleston, director of public relations, Texas Exes, 512-471-3805.

9 Comments to "Texas Exes Announce New Scholarship Program"

1.  Sharon Savage said on March 26, 2009

Will the scholarship begin in the fall of 2011? Will people other than entering freshmen be eligible? Thanks, Sharon

2.  nn said on March 26, 2009

Are only freshmen eligible?

3.  Naufil Mulla said on March 26, 2009

As a proud member of the Texas Exes, I think this is a great move! Hook 'em!

4.  Susan Lewallen said on March 27, 2009

This is great news because my husband and I are Texas Exes and have three daughters who will be attending college in the next three to five years. Maybe my girls can get a scholarship!
Susan Lewallen
Lubbock, TX

5.  AOG said on March 27, 2009

On behalf of many future Longhorns, "thank you, Texas Exes" for a great Longhorn opportunity.

6.  Abdullah al ahasah said on March 28, 2009

I am a student of Khulna University of Bangladesh. I am an applicant of this scholarship. This is very helpful for my education expenses.

7.  fernando lopez said on April 3, 2009

What are the detailed requirements for the scholarship? And can anyone who wants to make a legitimate change apply regardless of different backgrounds or ideas? I want to change and/or help. This could be a once-in-a-lifetime opportunity if I qualify. Where can I get more information?

8.  DRJ said on April 6, 2009

This is a great idea if the Texas Exes' scholarships are awarded based on objective standards of merit such as SAT/ACT scores and grade point averages.

9.  Victor Dueñas said on June 16, 2009

This is a great opportunity. But I want to know if I can get it as an international student. ( I am in Mexico) I will graduate from high school in 2010. And what are the requirements? Please.
Thank you