MARTIN, Tenn. – The University of Tennessee Board of Trustees convened for its winter meetings, which reviewed application, enrollment and retention rates, as well as highlighted UT Martin’s bold vision for the future.
The Board reviewed data focused on the University of Tennessee System’s continued success in outpacing national trends in student demand, with growth in applications, enrollment and retention. Projections show that while the number of high school graduates nationwide is expected to decline by 10% between 2023 and 2041, Tennessee is predicting a 15% increase over that period.
Also reviewed by the board was the UT System’s strong financial performance, which has seen significant growth since 2020. Revenues have increased by 32% to an all-time high of $3.4 billion, while the university’s net assets have grown by 41% to $4.9 billion. Additionally, cash balances have risen by $619 million to $1.97 billion, and investments have expanded by $558 million to $1.6 billion.