wments contribute over $2 billion to the University's total endowment value.

The university has an endowment of $7.2 billion, out of the $16.11 billion (according to 2008 estimates) available to the University of Texas System. This figure reflects the fact that the school has the largest endowment of any public university in the nation.[citation needed]
Thirty percent of the university's endowment comes from Permanent University Fund (PUF), with nearly $15 billion in assets as of 2007.[85][86] Proceeds from lands appropriated in 1839 and 1876, as well as oil monies, comprise the majority of PUF. At one time, the PUF was the chief source of income for Texas' two university systems, The University of Texas System and the Texas A&M University System; today, however, its revenues account for less than 10 percent of the universities' annual budgets. This has challenged the universities to increase sponsored research and private donations. Privately funded endowments contribute over $2 billion to the University's total endowment value.
The university is one of only two public universities in the U.S. that have a triple-A credit rating from all three major credit rating agencies, along with the University of Virginia.[87]
Student life[edit]

Student profile[edit]
For Fall 2011, the university enrolled 38,437 undergraduate, 11,497 graduate and 1,178 law students.[88] Out-of-state and international students comprised 9.1% of the undergraduate student body and 20.1% of the total student body, with students from all 50 states and more than 120 foreign countries—most notably, the Republic of Korea, followed by the People's Republic of China, India, Mexico and Taiwan.[89] For Fall 2010, the undergraduate student body was 48.7% male and 51.3% female.[88] The three largest undergraduate majors in 2009 were Biological Sciences, Unspecified Business, and Psychology, while the three largest graduate majors were Business Administration (MBA), Electrical and Computer Engineering, and Pharmacy (PharmD).[89]
Demographics of the UT Austin student body – Fall 2011[90][91]
Undergraduate    Graduate    Texas    U.S. Census
African American    4.6%    3.0%    12.6%    12.9%
Asian American    17.9%    7.2%    4.4%    4.6%
Non-Hispanic White    50.4%    53.0%    45.3%    65.1%
Hispanic American    20.0%    10.0%    37.6%    15.8%
Native American    0.3%    0.2%    1.3%    1.0%
Foreign    4.7%    22.4%    N/A    N/A
Residential life[edit]
The campus is currently home to fourteen residence halls, the newest of which opened for residence in Spring 2007. On-campus housing can hold more than 7,100 students.[92] J