University of Texas – Austin To Provide Free Tuition For Students

(Photo Credit: Tex.org)

Made Possible With A $160 Million Endowment

College is really expensive nowadays and both parents and students alike tend to worry about how they will be able to pay for next semester’s tuition. Luckily for undergraduate students from Texas, starting in Fall 2020, in-state students whose families earn up to $65,000 a year will receive free tuition at The University of Texas at Austin.

The financial aid plan is meant to help lower-and-middle class Texas families. The University of Texas System Board of Regents on Tuesday approved the creating of the $160 million endowment for the tuition plan on Tuesday.

The plan was outlined Tuesday in a letter from UT Austin President Gregory L. Fenves. The university also added that students with financial need from families with incomes up to $125,000 can receive some amount of “assured financial aid.” It is an expansion of the existing Texas Advance Commitment program.

According to the university letter: “I’m writing today with great news. The UT System Board of Regents — under the leadership of Chairman Kevin Eltife — has voted unanimously to establish a $160 million endowment for middle-and-low-income UT Austin students beginning next year.”

The tuition plan will help cover the cost of college for more than 14,000 UT-Austin undergraduate students.

By: Maytinee Kramer