University of Texas-Austin offers free tuition to families making less than $65K

By The Christian Post

Students at the University of Texas, Austin. | Facebook

In a bid to make college more accessible to students from middle- and low-income families, the University of Texas at Austin pledged Tuesday to offer full scholarships to undergraduates from families making $65,000 or less annually as well as some assured financial support for students from families making up to $125,000.

Led by Chairman Kevin Eltife and Chancellor James B. Milliken, The University of Texas System Board of Regents announced in a release that they voted unanimously to establish a $160 million endowment from a distribution of the state’s Permanent University Fund that will generate money for financial assistance starting in fall 2020.

“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 Eltife said after the vote. “This will benefit students of our great state for years to come.”

Source:The Christian Post