For many families, the thought of putting their child through college could be daunting.
But now, many low-income families across Texas could benefit from a tuition-free college education at the University of Texas at Austin.
With a recently approved endowment for low-income class families, there should be less limits to obtaining a higher education.
“My parents knew there’s no way I can pay for it,” said Oziel Landaverde, a University of Texas at Austin sophomore from Harlingen.
For Texas students like Landaverde, he wanted his life after high school to be at the UT Austin.
“I really had to figure out a way to pay for college and my outlet is scholarships and aid,” Landaverde said.
For working class and low-income families, students won’t have to pay for college tuition at UT Austin.
The University of Texas Board of Regents voted this week to create a $160 million endowment for the University of Texas at Austin.
Starting fall of 2020, the money will cover tuition costs and additional fees for Texas residents whose families earn up to $65,000 per year.
“Not only does it impact the lives of those students, but really it impacts the lives of our society as a whole,” said Alicia Noyola, Chief Academic Officer at Harlingen C.I.S.D.
For local school districts, this becomes a new option to their graduating seniors, especially those wanting to go to UT Austin.
“It’s making me more confident in that I can afford to keep going to college,” Landaverde said.
The University of Texas at Austin already offers full tuition aid for families earning up to $30,000 a year.
University officials say, the newly announced program is expected to cover full tuition for nearly 8,000 students every year.