To make attending college more affordable for low-income students, the University of Texas System of Board of Regents voted unanimously Tuesday to create a $160 million endowment for financial assistance from the state's Permanent University Fund, according to a news release.The program will take effect in fall 2020.
"This will benefit students of our great state for years to come."The median household income in Texas in 2017 was $59,206, according to the US Census Bureau.Read MoreThe initiative will cover about 8,600 undergraduate students, according to the news release. The Austin campus, ranked No. 15 in public schools by the US News & World Report, has about 41,000 undergraduates.
UWMadison
Paid on the backs of 'taxpayers'!!
UTKnoxville step up y'all game
Thank God for the evil 'Oil and Gas' industry that made this possible!!!!! Just amazes me how much money these universities have on hand yet they charge an arm and a leg to attend them.
And that’s just for illegals ...
This is great and all, but what about the students whose parents make more than $65k and don’t intend to pay for their college education
What’s the catch? We are talking about Texas after all.
Good.. good
So it’s possible to make this happen without government interference...wow
We find it convenient to demonize the oil and gas industry, but this endowment would not be possible without this industry's donations.
How much will the tuition rise for the people who are paying for it?
They should pay “reparations” to the students before them that paid!
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