Can't speak for UT Tyler or Texas but declining state funding does contribute to rising tuition rates as schools try to find more. My impression of Texas though is it does fund their state schools better than others. I know states with even less higher ed funding and much cheaper pharmacy school tuitions. This does seem like robbery to me.
http://www.pbs.org/wgbh/nova/body/mind-over-money.html
For those interested in bubbles, the term "pharmacy bubble" very well applies especially with new schools. Why more schools when we know the profession is heading downhill? Irrational behavior and wanting to cash in with student loans (you and your parents' federal tax dollars) and simple greed. School is a business which is why it's important to go to a reputable. The last time people tried to jump in what they thought was great (housing values going up 6% annually, bad mortgages) we had the Great Recession. The same now with pharmacy schools, irrational behavior and optimism pushing new school openings (which schools plan for years before) because they invested money in research and if they say, "well we cannot squander all the money spent looking into opening a new pharmacy school just because we are now starting to hear a lot of pharmacists expressing concern about the job market/outlook, we need to recover that investment! Lets open for a few years then try and cash out as the bubble collapses.
New schools and prepharmers are causing this profession to crash, akin to easy mortgage lending and speculative, disillusioned overconfident home buyers swayed by Bush's "every american should have a home" led to the housing bubble. Be warned prepharmers and do your best to get into a reputable, cheap, good reputation and long history school and let the others take the hit and suffer.