With over 244,000 students enrolled, the UT System is one of the largest public university systems in the US. It produces over 68,000 graduates annually and awards a significant portion of undergraduate and medical degrees in Texas. The UT System's hospitals and clinics receive more than 10 million outpatient visits and over 2 million hospital days each year. It is known for its innovation, ranking highly in federal research expenditures. As one of the largest employers in Texas, the UT System has a budget of $25.2 billion and manages an endowment fund that supports scholarships, research, and academic programs. Its mission is to provide high-quality educational opportunities for the enhancement of human resources.