Drop the Debt
Students of families making under $100,000 will get free tuition to UT
Beginning next fall, some students accepted into schools within the University of Texas system will receive free tuition and have all fees waived, the board of regents announced on Wednesday.
In order to qualify, families of undergraduates must make less than $100,000 a year.
The board gave preliminary approval to the plan on Wednesday. After the full board’s consideration and vote on Thursday, the plan will include a new, immediate infusion of $35 million directly to campuses to offer the financial aid benefit. The plan also directs additional investment in endowments supporting financial aid to ensure a commitment for tuition relief.
In 2019, the regents established a $167 million endowment at UT Austin to completely cover tuition and mandatory fees for in-state undergraduate students from families with an income of up to $65,000. In 2022, the regents approved a second endowment of almost $300 million called “Promise Plus” to extend the program to all UT academic institutions.
“To be in a position to make sure our students can attend a UT institution without accruing more debt is very important to all of us [...]” Kevin P. Eltife, chairman of the board of regents, said.
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The Holiday Night Markets are a lot like farmers markets in the same location.Photo courtesy of Pearl
The Giving Machines are like vending machines that drop gift cards into a collection bin to show contributions.Photo courtesy of Pearl