POSTED: Monday, June 17, 2013 - 3:47pm
UPDATED: Tuesday, June 18, 2013 - 7:04am
EDINBURG, TEXAS (KVEO NEWS CENTER 23) — Governor Rick Perry signed a bill allowing for a merger between the University of Texas-Pan American and the University of Texas-Brownsville.
The reason for the merger: money.
"I think the biggest issue of all is that we will finally have access to the permanent university fund. Which is a fund of almost $15 billion," said UTPA President Dr. Robert Nelsen.
President Nelsen said the merger can save between $6-10 million a year in administrative costs. There may be some job losses, but he only specified that more than one university president probably isn't needed.
There isn't a timeline for the merger. How it work is students decide which campus to choose based on the programs they're interested in.
"It's kind of mixed feelings," said UTPA business student Zachary Miller. "There are some better programs at different schools... Funding might be split in areas where we need it and areas where we might not need it."
UT system officials don't know what the new university will be called, nor what the new mascot will be. What they will say is al the marketing centered around 'Bronco Pride' will start getting phased out.
"Pan Am used to be Edinburg Junior College, Pan American College, it was Pan American University and it was UT Pan Am, so we've rebranded ourselves many times," Nelsen said.
Students at the Edinburg campus don't seem to mind the cosmetic changes. They're just looking for a good education.
"That is our thing, and that's what it was for so long, I guess for me it really isn't about mascot," Miller said. "If I had to take classes over there, it'd be very bad."