More UTEP students eligible to have their entire tuition covered with Paydirt Promise
EL PASO, Texas – UTEP officials have announced eligibility requirements for its expanded Paydirt Promise Program which helps students cover their entire tuition.
UT System regents approved the creation of an endowment to help undergraduate students at UT institutions pay for college on Feb. 24.
The "Promise Plus" program will provide tuition assistance to students at seven UT institutions: UT Arlington, UT Dallas, UT El Paso, UT Permian Basin, UT Rio Grande Valley, UT San Antonio and UT Tyler.
Officials say the $300 million endowment will help generate about $15 million this year, with the money distributed evenly to the 7 institutions. Each institution will receive a minimum of $1 million this year
The endowment is expected to grow in value over time - increasing annual allocations to institutions accordingly each year.
The money UTEP receives will expand its Paydirt Promise program.
The money is intended to supplement federal and state aid.
Under the Promise Plus Program UT institutions will be able to raise the income limit, meaning they can help more students cover the full cost of tuition. UTEP's threshold is $75,000 or less.
Only full-time undergraduate students are eligible.
Other requirements include on UTEP's website include:
- Be a a Texas resident
- Be admitted to UTEP and submit your Free Application for Federal Student Aid (FAFSA) and other required documents to UTEP by March 15
- Enroll full-time (12 credit hours or more) each fall and spring semesters, pursuing your first Bachelor’s degree
- For renewal, you must maintain a 2.0 GPA or higher, complete 24 credit hours per year (fall,spring, summer4), and remain in good academic standing
For detailed information visit the eligibility requirements.
