$221.1M in expenses

Trinity University, one of the nation's top private undergraduate institutions, is known for its superior academic quality, personalized attention with outstanding faculty, exceptional resources, real-world preparation, and vibrant campus life. Trinity is a community that encourages students to discover, grow, and become passionate, productive individuals. The University's principal focus is on undergraduate education, but it also offers selected graduate programs in professional fields. In addition, the University provides various research and other sponsored projects as well as public service programs of continuing education, intellectual enlightenment, and cultural enrichment. The University attracts talented and highly motivated students to its predominantly full-time, residential student body. Enrollment was 2,590 annual students for FY24 which represents the full-time equivalent of undergraduate and graduate students; 5% of these students come from outside the United States and 79% are from within Texas. The University received 11,425 first-year undergraduate applications for fall 2023 with an acceptance rate of 28%. The University's yield was 20%, generating enrollment of 659 first-year students. Underrepresented students comprised 51.2% of the class, including 4% foreign students. Student charges (net tuition, fees, room and board) were $83 million. Total scholarships and grants were $79.9 million. The source of funding for these scholarships includes operating funds, endowment funds and external grants and contribution revenue. Scholarship and student aid expenses continue to grow, reflecting the University's commitment to providing access to a broad spectrum of students and increased market competition in recent years. Although student tuition continues to increase, net student revenues are growing at a significantly slower pace in recent years due to the increased number of students receiving financial aid and the increase in the average aid package per student. Trinity University completed another strong year in pursuit of its mission to educate and mold the leaders of the future in a residential liberal arts environment. The University is well positioned to complete its robust strategic vision of defining the liberal arts experience for the 21st century.