Going to Texas A&M and schools within the system will soon be a lot easier for students of low-income families.
Friday the Board of Regents unanimously approved a Promise Program that will provide gift aid to cover all tuition costs for students whose families earn less than $30,000 a year.
The plan builds upon tuition assistance policies already in effect at several other universities in the system.
The new program goes into effect for the Fall 2009 semester.
"The impact of this program is especially dramatic among first generation college students. The demographics of the state of Texas and the rapidly changing economy make the availability of higher education more important than ever before in the state's history," said Michael D. McKinney, chancellor of the A&M System.
"The A&M System Promise will be especially crucial in the coming year, certainly, but it will always represent our commitment to put the price of an undergraduate degree within the means of qualified and deserving students who otherwise might be left out in the financial cold," McKinney said.
The A&M System Promise Program will apply to students that are not otherwise covered by system academic institutions.
Funding for the program will come from several sources including: operating budgets of the member academic institutions, and also federal, state or grant sources and scholarships.
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