The University of Texas System said on Wednesday that it will 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 fall of 2025, undergraduate students will be eligible for free tuition, which will cover both tuition and fees.
The UT System stated in a press release that the action will position it as one of the few in the United States to provide such a comprehensive 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 cover 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.
The average amount of student debt at UT academic institutions will continue to decrease thanks to the combination of today’s efforts. According to the announcement, it is currently the lowest among public four-year universities in Texas.
In a statement, UT System Chancellor James B. Milliken said: Enrollment is increasing and student debt is decreasing across all UT institutions, demonstrating achievement in affordability and accessibility. I’m glad the UT System is able to take the lead in this 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 would no longer be charged.
According to a press release from the school, 80% of American households make this amount.
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 aspire to attend MIT, don’t allow financial worries deter you.
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