UT Board of Trustees Endorses Plan to Save Costs, Increase Revenue to Alleviate Unsustainable Business Model
NOTE: A correction has been made to this press release regarding the review of the University’s tenure and post-tenure review process.
NOTE: A correction has been made to this press release regarding the review of the University’s tenure and post-tenure review process.
University of Tennessee President Joe DiPietro discusses the ongoing Tennessee Sexual Assault and Relationship Violence Summit at Tennessee State University in Nashville, Tenn., with CNN anchor Ashleigh Banfield Wednesday, Jan. 28, 2015.
President Obama announced that UT will lead the Institute for Advanced Composites Manufacturing Innovation, or IACMI, a $259 million public-private partnership. The Institute reflects a $70 million commitment from the US Department of Energy (DOE) and $189 million from IACMI’s partners.
Public higher education’s business model is broken, and twin pressures to fulfill its mission and ensure sustainable funding have brought the University of Tennessee to a crossroads, UT President Joe DiPietro said today. DiPietro’s remarks came during testimony at the last of Gov. Bill Haslam’s 2014 budget hearings ahead of the upcoming 2015 legislative session.
Over the next four years, the University of Tennessee will have better prepared incoming students, higher graduation rates, expanded research funding, enhanced outreach and increased fundraising. That is the vision UT President Joe DiPietro presented to the Board of Trustees and board chair, Gov. Bill Haslam, on Friday.