The University of Texas System created a new $300 million endowment to help more students at its institutions pay for college. The “Promise Plus” program will...
The new endowment will help offset tuition at certain UT schools, including the universities at Arlington, Dallas and Tyler.
“Today’s action by the UT System Board of Regents does more than help with tuition, it can change families and futures,” UT-Dallas provost Inga Musselman said in a statement.The funds will also support those attending the El Paso, Permian Basin, Rio Grande Valley and San Antonio universities. In 2019, regents created a $167 million endowment to similarly support students at the Austin flagship.
All of the system’s institutions have a program that, depending on family income, fully covers students’ tuition and mandatory fees. Funds from these programs are generally used to supplement federal and state aid, such as Pell grants and TEXAS grants.
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