UT Austin Offering Tuition Help To More Families

Steven Pickering
July 09, 2019 - 5:40 pm
UT Austin Campus

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DALLAS (KRLD) - The University of Texas will offer free tuition to thousands more undergraduate students next year. The UT System Board of Regents has approved a plan to create a $160 million endowment for the tuition plan. Students whose families make less than $65,000 per year will be eligible.

"There's nothing more important to the future of the State of Texas than providing the opportunity for its most talented prospective students to obtain a high quality college education," said UT System Chancellor James Milliken. "Today's proposal would help ensure that a much greater number of young Texans have that opportunity at one of the nation's leading institutions."

Under the school's current enrollment, more than 8,500 students would qualify for the new financial aid. 

"College affordability is one of the most important issues facing families of middle and low income," said UT-Austin President Greg Fenves. "This a recognition that financial support for highly-qualified students that come to UT is crucial for making college affordable for them and their families."

The new program will also offer tuition assistance for in-state students with family incomes of less than $125,000. It will only be available for students at UT-Austin. Funding for the endowment will come from the Permanent University Fund's oil and gas royalties along with existing state and federal financial aid programs.