As part of its commitment to ensure that all Texans can afford a higher education, the UT System Board of Regents in February 2022 approved the creation of a $300 million endowment.

Called “Promise Plus,” the endowment is helping thousands of undergraduate students at UT institutions earn a degree at no cost. As the endowment grows, more students will benefit year after year.

Funding from the Promise Plus endowment is distributed to students at UT Arlington, UT Dallas, UT El Paso, UT Permian Basin, UT Rio Grande Valley, UT San Antonio, Stephen F. Austin and UT Tyler.

Distributions from the Promise Plus endowment supplements funding students already receive through campus tuition assistance programs and federal and state aid.

“We are committed to increasing the affordability of a college education for more Texans by lowering the out-of-pocket cost of a UT degree for qualified students. This is an investment in our students, in public higher education and the state of Texas.”
- Board Chairman Kevin P. Eltife