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The University of Texas System said on Wednesday that it would extend its free tuition offer to all families earning $100,000 or less annually.
The initiative, an extension of its Promise Plus program, received preliminary approval from the Board of Regents. Beginning in the autumn of 2025, undergraduate students will be eligible for free tuition, which will cover both tuition and fees.
The UT System said in a news release that the action would position it as one of the few in the United States to provide “such a sweeping financial aid benefit.”
With more than 256,000 students enrolled, the school system—which consists of nine universities and five health facilities—is the biggest university system in the state and among.
The biggest public systems nationwide. The program’s expansion follows. the Board of Regents’ 2019 creation of a $167 million endowment
At UT Austin to decrease tuition expenses for families making up to $125,000 annually and pay tuition and fees for in-state undergraduate students from households.
With an annual gross income of up to $65,000. That program was expanded to include all UT academic institutions in 2022 by a second endowment.
The impact is already evident: according to the statement, UT graduate debt decreased from 53.6% in 2019 to 47.8% in 2023. “Today’s initiatives will guarantee that the average amount of student.
Debt at UT academic institutions keeps decreasing. According to the announcement, it is now the lowest among public four-year colleges in Texas.
“Enrollment is increasing and student debt is decreasing across UT institutions, indicating success in both access and affordability,” said UT System Chancellor James B.
Milliken in a statement. I’m glad the UT System is able to take the lead in that uncommon trend in American higher education.
On Wednesday, the Massachusetts Institute of Technology announced that tuition fees for undergraduate students whose families earn less than $200,000 will no longer be charged.
According to a press release from the school, “eighty percent of American households meet this income threshold.”
Additionally, tuition, housing, feeding fees, book allowances, and other expenditures will all be paid for families earning less than $100,000. According to MIT President Sally Kornbluth,
“the cost of college is a real concern for families across the board, and we’re determined to make this transformative educational experience available to the most talented students,
Regardless of their financial circumstances.” Therefore, to all students who want to attend MIT, don’t allow financial worries deter you.