The UT System Board approved the creation of the Promise Plus Endowment in February 2022. Funding for the endowment will also be in addition to previous investments the Board has made in UTSA over the past decade to help advance the institution’s goal of serving as a model of student success and an economic engine for San Antonio and Texas.
“We are committed to making a college education more affordable for more Texans by lowering the cost of a UT degree for qualified students,” said the chairman of the UT system board of trustees. Kevin P. Eltife noted. “This is an investment in our students, in public higher education, and in the state of Texas.”
Each academic institution at UT has a similar program that covers 100% of student tuition and compulsory fees, based on family income. Funds from these programs are typically used to supplement federal and state aid such as Pell Grants and TEXAS Grants.
“This action by the Board of Regents means even more Texans will be able to earn a tuition-free UT degree,” the Chancellor said. James B. Milliken noted. “The Promise Plus endowment ensures that our high-quality UT institutions will remain among the most affordable in the country.”
Other institutions that will benefit from the new Promise Plus endowment in the UT system are UT Arlington, UT Dallas, UT El Paso, UT Permian Basin, UT Rio Grande Valley, and UT Tyler.
UTSA recently earned the prestigious Carnegie R1 classification, indicating the university’s success in achieving significant benchmarks in research and scholars and the highest levels of excellence, innovation and impact. The classification also amplifies UTSA’s exposure statewide and nationally to attract and recruit world-class faculty and top students.