UTEP raises income limit for free tuition program to $75,000 – El Paso Matters

The University of Texas at El Paso is expanding its rid tuition program to students whose family income is $ 75,000 or less starting adjacent descend with the support of a fresh, multimillion University of Texas System endowment .
UTEP President Heather Wilson announced the higher PayDirt Promise income limit Wednesday, joined by UT System Chancellor James Milliken and UT System Board of Regents Chairman Kevin Eltife .
“ We are an exceeding research university that keeps the doorway open to opportunity for any student will to work for it, ” Wilson said. “ For our students, the greatest barrier to a life-changing college education continues to be fiscal ; it ’ s the monetary value. ”
The PayDirt Promise launched in 2019 at a family income limit of $ 40,000. It ’ s since expanded to its current $ 60,000 limit. undergraduate students whose families meet that threshold are eligible to have their full tutelage and mandate fees covered for four years after early fiscal care is applied if they are Texas residents and enrolled for at least 12 credit hours.

Submitting the complimentary Application for Student Aid annually and maintaining a 2.0 grade point average are besides program requirements .
UTEP President Heather Wilson announces the new $75,000 family income threshold for PayDirt Promise, UTEP’s free tuition program, on Wednesday. (Angela Saavedra/El Paso Matters)
about a one-third of UTEP undergraduate students have a family income of $ 20,000 or less, Wilson said .
This year, 6,800 UTEP students qualified for the PayDirt Promise. The higher class income limit is expected to reach an extra 450 students following class .
The UT System Board of Regents established a $ 300 million endowment former last month to grow tuition-free programs at seven of its schools, including UTEP. The Promise Plus fund is expected to generate $ 15 million this class, of which UTEP is receiving $ 2.5 million .
UTEP was the first university to announce the expansion of its free tuition aid program using endowment funds.

“ We know that populace higher department of education is the catalyst for success. … But the issue of monetary value of education remains a challenge for many families, ” Milliken said at Wednesday ’ randomness announcement .
Milliken described the new UT System endowment as “ a major permanent step to make UTEP even more low-cost for generations to come. ”
The class income doorsill varies across UT System schools ’ tuition aid programs, with the University of Texas Rio Grande presently having the highest at $ 95,000. Schools besides set their own eligibility requirements .

Recipients of UTEP’s PayDirt Promise program, who have had their tuition and mandatory fees fully covered by the university, attend an announcement about the program’s expansion Wednesday. (Angela Saavedra/El Paso Matters)
UTEP by and large funds its PayDirt Promise by setting aside some of its annual tuition gross.

Federico Moncada, a junior kinesiology scholar at UTEP, said he receives up to $ 1,000 each semester from the PayDirt program to pay the remaining tuition balance not covered by fiscal help. He said the program allows him to worry less about his finances .
“ I don ’ t have to take money from my pouch, ” Moncada said. “ I have a part-time subcontract and I ’ m an athlete so I don ’ t have adequate clock time to work a lot and give for my classes. ”
Cover photograph : UT System Chancellor James Milliken speaks about the expansion of UTEP ’ s PayDirt Promise tuition aid program on Wednesday. ( Angela Saavedra/El Paso Matters )



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