A chance for a higher education is now a reality for students from low-income families in Texas.
Thanks to a new endowment, low income students throughout the state can now attend the University of Texas without paying tuition.
The university's board of regents unanimously voted yesterday to set aside 160 million dollars for financial assistance.
“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 unanimous vote. “This will benefit students of our great state for years to come.”
Families that make less than 65 thousand dollars a year are eligible to receive the aid beginning in 2020.
You can find more information at their website.