UT-Austin will provide free tuition to undergrad students with family incomes below $65,000 starting in 2020
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UT-Austin will provide free tuition to undergrad students with family incomes below $65,000 starting in 2020

SHANNON NAJMABADI |
July 9, 2019

The UT System allocated $160 million of its oil money for the project.


Seeking to make college more affordable, the University of Texas will use some of its oil money to dramatically expand the financial aid it offers to low- and middle-income undergraduates on its flagship Austin campus.

The system's governing board approved a special $160 million distribution from its endowment Tuesday, which school officials expect will fully cover the tuition and fees of students whose families earn up to $65,000 in adjusted gross income a year starting in 2020. The funding, which will be used to create a new financial aid endowment, will also let UT-Austin alleviate tuition costs for students whose families earn up to $125,000 annually, if they demonstrate financial need.

Credit by - The Texas tribune

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