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UT regents waive tuition fees for low-income families, starting in 2020

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AUSTIN -- — A chance for a higher education is now a reality for students from low-income families.

Thanks to a new endowment, low-income students throughout the state can now attend the University of Texas without paying tuition.

On Tuesday, the university's Board of Regents unanimously voted to set aside $160 million for financial assistance.

Families that make less than $65,000 a year are eligible to receive the aid beginning in 2020.

The goal is to make higher education a possibility for students who can't afford it.