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University of Texas at Austin promises free tuition to in-state students whose families make less than $65K a year

New York Daily News logo New York Daily News 7/12/2019 Kate Feldman
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Low-income students are getting some help to go to college.

Texas residents whose families make $65,000 or less annually will be eligible for full tuition scholarships at the University of Texas at Austin, the board of regents voted unanimously this week. Financial assistance will also be expanded to those whose families earn up to $125,000 a year.

“Recognizing both the need for improved access to higher education and the high value of a UT Austin degree, we are dedicating a distribution from the Permanent University Fund to establish an endowment that will directly benefit students and make their degrees more affordable,” Chairman Kevin Eltife said, according to UT News.

“This will benefit students of our great state for years to come.”

The program, which will be funded by a $160 million endowment, is expected to provide full tuition coverage to more than 8,600 undergraduates.

In-state tuition for undergrads for the 2019-2020 school year ranges between $5,157 and $5,926 per semester for students taking 12 or more credit hours, according to the UT website.

“This new endowment will go a long way toward making our university affordable for talented Texas students from every background and region,” UT Austin President Gregory L. Fenves said.

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