Texas A&M International University (TAMIU) was originally known as Texas A&I University at Laredo. Texas A&I University was established in 1970 as an upper level educational center to meet the demand for teacher education and business programs. In 1977, as programs expanded, the University became an upper division school of the South Texas University System and came to be known as Laredo State University. In 1989, the South Texas University System was abolished and Laredo State University became a part of the Texas A&M University System. The student population of TAMIU reflects that of the surrounding community and border region, being 92.7% Hispanic, 3.5% International, and 2.3% White (fall 2015 data). TAMIU serves the needs of a high number of economically disadvantaged, first-generation students who would otherwise have no access to higher educational services in the region. A recent ranking of TAMIU by CNN Money states the institution is one of the ten least expensive universities in the country with a very high percentage (about 84%) of its student population on financial aid and 65% receiving Pell Grants. The ARSSB MBA program was recently rated the third lowest priced among AACSB accredited schools in the State. U.S. News and World Report ranks TAMIU as #1 in the U.S. among Colleges with Hispanic enrollment.