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Students whose families make less than $100,000 annually will get free tuition and waived fees at any of the academic universities in the University of Texas System, the board of regents announced Wednesday.

The initiative is an expansion of the Promise Plus Program, a needs-based financial aid program approved by the board in 2022. The UT System expects that more than 7 million Texas families will meet the income requirements for the new program, officials said.

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Apparently it is coming from their endowment and not public funds....but....if they distributed this money to every student they could lower tuition for everyone. Thoughts?

I am not sure how endowments work but if it is private.... the endowment can use the money however they want.

If it is truly needs based versus race or gender based..... then kudos to those sips involved in this.

Gaeilge said:

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If it's coming from their endowment, I don't care. As long as it's not our money.

They can **** over all the other idiots that decide to go to tu with parents making over $100k.

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You're actually supplementing this when you're a full pay student. There are two tuition charges. A state based rate and university based rate. Both are used to siphon off funds to support their needs-based and recruitment scholarships. Most public institutions do this.

A&M and Texas should provide free education for all students. The demand would truly make the schools elite as long as students were selected through merit.

Gaeilge said:

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If it's coming from their endowment, I don't care. As long as it's not our money.

They can **** over all the other idiots that decide to go to tu with parents making over $100k.

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The universities belong to the people of Texas, it is our money.

Rice used to be free to any student who managed to get in. My FIL went in the mid 60s because 1) he got in and 2) it was free.

Tom Fox said:

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Because money is fungible. Just another entitlement.

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Exactly.

Backyard Gator said:

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Check out Aggie Assurance sometime

A&M started this in 2008 for families with income under $60k

tex got all excited about their program in 2022, A&M poked fun at them, said "What took you so long? We've been doing this for over a decade."

The funding for these grants/scholarships comes from A&M's portion of the AUP distribution each year, so the distribution of the earnings off the PUF

If your family makes between $60k-$130k, you're eligible for Aggie Assurance

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Serious question:

My son is going his own route to get into A&M. He took 2 gap years so I no longer claim him on my taxes and don't help him until he asks, which is very rare. He's now enrolled at Blinn and doing very well academically.

Would a 21 year old qualify for this if they are accepted to A&M and completely independent?

Now watch the admissions rate drop for those in that bracket.

College costs are a huge issue for families. Even at public schools.

If wealthy donors want to fund an endowment that provides this, awesome. The whole conservative argument is that charity should come from private funds.

Independent Student
An independent student is one of the following:
at least 24 years old,
married,
a graduate or professional student,
a veteran,
a member of the armed forces,
an orphan, a ward of the court,
or someone with legal dependents other than a spouse,
an emancipated minor
or someone who is homeless or at risk of becoming homeless.

Gaeilge said:

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If it's coming from their endowment, I don't care. As long as it's not our money.

They can **** over all the other idiots that decide to go to tu with parents making over $100k.

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Inevitably the endowment is our money. It's a public school and looking at "private" endowment simply assumes that the "public" money doesn't count. It's like saying money given to Planned Parenthood doesn't go to abortions it just goes to pay for the buildings and doctors to do other things and coincidentally they perform abortions.

BMX Bandit said:

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Independent Student
An independent student is one of the following:
at least 24 years old,
married,
a graduate or professional student,
a veteran,
a member of the armed forces,
an orphan, a ward of the court,
or someone with legal dependents other than a spouse,
an emancipated minor
or someone who is homeless or at risk of becoming homeless.

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Interesting. Thank you.

Bird Poo said:

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Backyard Gator said:

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Check out Aggie Assurance sometime

A&M started this in 2008 for families with income under $60k

tex got all excited about their program in 2022, A&M poked fun at them, said "What took you so long? We've been doing this for over a decade."

The funding for these grants/scholarships comes from A&M's portion of the AUP distribution each year, so the distribution of the earnings off the PUF

If your family makes between $60k-$130k, you're eligible for Aggie Assurance

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Serious question:

My son is going his own route to get into A&M. He took 2 gap years so I no longer claim him on my taxes and don't help him until he asks, which is very rare. He's now enrolled at Blinn and doing very well academically.

Would a 21 year old qualify for this if they are accepted to A&M and completely independent?

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AFAIK, independence is determined by FASFA, and they use the age 24 and other criteria to make their determination.

combat wombat said:

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Rice used to be free to any student who managed to get in. My FIL went in the mid 60s because 1) he got in and 2) it was free.

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It was literally in their charter and a demand of Mr Rice that it always be so. Now they charge $80k a year and want to tear down his legacy because he was a racist by today's standards.

As a sidenote virtually ever elite private school was founded by a capitalist who was far more generous than the leftists who decry capitalism. Stanford. Duke. Vanderbilt. Carnegie Mellon. Rice. On and on. Now they crap all over them.

This entire process is ridiculous btw, it is what elite private schools do to enact their socialist agenda. Merit doesn't matter nearly as much as means. If you can order 3 toppings on your pizza you get to pay full price. So it squeezes the hell out of the upper middle class.

Texas has some of the highest in state tuition rates in the country and A&M and Texas have very little merit aid. Why? We are the 2 richest public schools in the country. In Florida and Georgia good students from in state often go for free. Most states have rates about half what we charge. We are far more socialist than California and we penalize in state kids, there any kid from outside of Cali cannot qualify for any scholarships and has to pay $22,500 in OOS tuition on top of all fees.

If you can get through the gauntlet of getting in to A&M or Texas it should be every bit as affordable as those states, we have far more resources and far more generous donors. If nothing else we should have massive merit aid for in state students.

How we are a Deep Red state run that runs our higher education like we are Deep Blue is staggering to me.

BusterAg said:

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I own a small business. It would be pretty easy to make sure that my business made less than $100,000 for four years.

But, then I would have had to send my daughters to tu, and they might have asked me to walk them down the aisle to marry their wives. No thanks.

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Yep. I wonder if the $100,000 is truly per family, regardless of it being a married couple or half that for a single parent? Otherwise, a couple with two kids making above the $100,000 amount could get a friendly divorce, each have custody of one child and each take advantage of the deal.

Owned my own small businesses and made sure I structured things to take advantage of the nonsense during covid, to get back some of what they had previously taken from me.

Backyard Gator said:

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Check out Aggie Assurance sometime

A&M started this in 2008 for families with income under $60k

tex got all excited about their program in 2022, A&M poked fun at them, said "What took you so long? We've been doing this for over a decade."

The funding for these grants/scholarships comes from A&M's portion of the AUP distribution each year, so the distribution of the earnings off the PUF

If your family makes between $60k-$130k, you're eligible for Aggie Assurance

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How does that work for an individual that is no longer claimed on their parents taxes and are filing their own taxes? I have a nephew that is currently working in Idaho who has been considering doing grad school at A&M.

Excellent context.

How do we change this?

My gf went to tu and she didn't believe me when this popped on my feed lol

one safe place said:

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BusterAg said:

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I own a small business. It would be pretty easy to make sure that my business made less than $100,000 for four years.

But, then I would have had to send my daughters to tu, and they might have asked me to walk them down the aisle to marry their wives. No thanks.

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Yep. I wonder if the $100,000 is truly per family, regardless of it being a married couple or half that for a single parent? Otherwise, a couple with two kids making above the $100,000 amount could get a friendly divorce, each have custody of one child and each take advantage of the deal.

Owned my own small businesses and made sure I structured things to take advantage of the nonsense during covid, to get back some of what they had previously taken from me.

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The entire concept is flawed and ripe for abuse for some and to abuse others. People that can manipulate their income get massive benefit and those who just work and pay taxes and play by the rules get screwed.

These are public schools for people of the State of Texas. This is how you end up continuing to push the best and brightest away to OOS as well because inevitably the best and brightest proportionately come from families making above $100k. Those kids like to go where they are wanted and charging them far more money to go to their In State school than OOS is lunacy when you have the kinds of resources Texas has as a State.

Ivy League schools are also need blind

I LOL'D; BRAVO & GIG 'EM!!!

Whelp, simple fix, don't claim your kid as a dependent, boom, free college.

one safe place said:

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BusterAg said:

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I own a small business. It would be pretty easy to make sure that my business made less than $100,000 for four years.

But, then I would have had to send my daughters to tu, and they might have asked me to walk them down the aisle to marry their wives. No thanks.

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Yep. I wonder if the $100,000 is truly per family, regardless of it being a married couple or half that for a single parent? Otherwise, a couple with two kids making above the $100,000 amount could get a friendly divorce, each have custody of one child and each take advantage of the deal.

Owned my own small businesses and made sure I structured things to take advantage of the nonsense during covid, to get back some of what they had previously taken from me.

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So your first paragraph was you worrying about people taking advantage of the system, while your second paragraph was you blatantly admitting that YOU YOURSELF took advantage of the system.

Not ok when THEY do it

…But it was cool when YOU did it…for…reasons…

Punish the hard-working successful people....the new American way

As with medical care, if you think it is expensive now just wait until it's free.