The University of Texas announced Tuesday that it will provide free tuition for all in-state students whose families earn less than $65,000 a year.
At a time when college tuition costs -- along with student loan debt -- are soaring across the country, the University of Texas at Austin announced Tuesday that it will provide free tuition for all in-state students whose families earn less than $65,000 a year.
The funding comes from a new $160 million endowment that the the University of Texas System's Board of Regents voted to establish from the state's Permanent University Fund , and should start benefiting students as soon as the fall 2020 semester, the college announced in a statement. The median household income in Texas was $57,051 between 2013 and 2017, according to recentU.S. Census data. At the moment, the new tuition assistance would only apply to students at the University of Texas at Austin.
“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,” Kevin Eltife, chairman of the University of Texas System Board of Regents, and a UT Austin alum, said in a statement.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
University of Texas to cover tuition at flagship campus for students from low-income familiesStudents whose families make less than $65,000 a year will be able to attend the University of Texas flagship campus in Austin without having to worry about tuition.
Read more »
50 Hidden Gems We Found Hiding at Free People — For $50 or LessShop sandals, swimsuits, and more! freepeople
Read more »
Etsy unveils a new plan to offer free shipping across its siteEtsy has unveiled a new plan to get its sellers to offer more items on its website with free shipping included.
Read more »
High school students offer a silent ovation while a classmate with autism receives his diplomaAt his high school graduation, Jack Higgins approached the stage to receive his diploma with his fingers in his ears to block what he thought would be applause and cheers. Instead, he was met by silence.
Read more »
Billionaire Allegedly Makes Off With Free Illegal Parking SpaceThe billionaire's crime? Creating and enforcing free parking for himself
Read more »
Antonio Brown Wrote College Tuition Check to End Furniture Tossing LawsuitA college tuition check was the key to ending the NFL star's legal war ...
Read more »