McConaughey earned a film degree from the same university in 1993.
He's gone on to work on more than 50 films, bagging an Oscar and Golden Globe for his starring role in Dallas Buyers Club.
He also has experience as a producer, most notably for his work on HBO's True Detective.
McConaughey earned respect among college leadership for his personal investment in student success and his willingness to work with students beyond the classroom.
"He has a passion for teaching, and for all things cinematic, that is palpable, even infectious," said Noah Isenberg, chairman of the Department of Radio-Television-Film.
Moody College Dean Jay Bernhardt said McConaughey "cares deeply for our school and our students, and we are thrilled that he shares his time and talent to help prepare the next generation of media leaders and innovators".
For the rest of the year McConaughey and his students will study two of his films - 2012 coming-of-age drama Mud, and The Gentlemen, a Guy Ritchie crime caper due next year and also starring Colin Farrell and Hugh Grant.