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Billionaire Jeff Yass donates $100 million to keep the University of Austin tuition-free and independent.
Billionaire Jeff Yass has donated $100 million to the University of Austin, a private liberal arts school in downtown Austin founded in 2021, to provide free tuition for all students.
The gift, part of a $300 million fundraising campaign, ensures the school remains tuition-free and avoids government funding.
The university, which currently enrolls about 150–200 students, uses high standardized test scores for automatic admission and plans to grow to 400–500 students.
It emphasizes merit-based education and academic independence, relying on philanthropy and future alumni support.
The donation reflects a broader trend of conservative donors funding alternative education models outside public systems.
El multimillonario Jeff Yass dona $100 millones para mantener la Universidad de Austin libre de matrícula e independiente.