Elon Musk plans to open a new university in Austin

Source: Texas Tribune

Elon Musk plans to open a new university in Austin

The Tesla CEO and Texas resident’s charitable foundation filed an application to create the new school “dedicated to education at the highest levels.”

BY KATE MCGEE
DEC. 13, 2023
5 HOURS AGO

Texas transplant Elon Musk is planning to start a university in Austin, according to tax filings for one of his charities first reported by Bloomberg News.

The charity, called The Foundation, plans to use a $100 million gift from Musk to create and launch a primary and secondary school in Austin focused on teaching science, technology, engineering and math. Once it is fully operational, the filing states, the school will focus on creating a university. The school intends to seek accreditation by the Southern Association of Colleges and Schools Commission on Colleges, a necessary first step to launch the school.

According to the filing, the university would teach students in person “as well as using distance education technologies.” It expects to start enrollment with 50 students and scale up over time. The school would fund its activities through donations and tuition fees, though the filing also states that if a student cannot pay tuition or fees, the school could provide financial aid. It is currently hiring an executive director, teachers and administrators, the filing states.

Musk’s plan to start a new university in Austin — already home to the flagship University of Texas at Austin and multiple other private universities — comes just as another new private school in the city plans to officially open to students in fall 2024.

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Read more: https://www.texastribune.org/2023/12/13/elon-musk-austin-texas-university/