New York Student Gains Texas Residency
Learn how this client from New York was able to gain Texas residency and get in state tuition through a property purchase.
One New York Client’s Journey To Tuition Savings
This family from New York heard about Tower Realty Austin after seeing a post about us in the Texas Admitted Students Facebook page. Shortly after they reached out to us about a property purchase to gain in state tuition just before their son entered UT Austin as a freshman.
We helped them with the purchase of a condo in West Campus and quickly rented it out for the first year, assisting with the property management.
After filling in the Texas Registrar’s residency questionnaire and submitting supporting documents, the office processed the residency change in early August just before the beginning of this client’s sophmore year.
Out of state tuition for this client prior to the residency change was $43,000 per year. After meeting Texas residency requirements and gaining in state tuition, the cost of tuition dropped to $11,200 per year. This resulted in a tuition savings of $31,800 per year.
Beyond the tuition savings this client is also making money on their property, which is helping to fund their remaining tuition costs.
Residency Fast Facts
- Client Hometown: Long Island, New York
- University: University of Texas Austin
- Year Residency Gained: Sophmore Year
- Tuition Savings Per Year: $31,800
- Total Tuition Savings: $95,400
Over $95,000 In Tuition Savings
It was an absolute pleasure to work with JT Froese and the team at Tower Realty. They clearly explained the residency requirements, including a tutorial on how to fill out the residency form. They sent me some great purchase options, made good recommendations based on appreciation potential and rentability, and guided me to a qualified financing partner that met my needs and ensured a smooth, remote closing. After the purchase, their management and rental team quickly rented the condo for the year and got to work on some simple maintenance issues. Each month I get a clear, easy to read statement and a transfer of the net proceeds directly to my account.
Save Thousands On Tuition
At Tower Realty Austin we specialize in helping out of state students gain in state tuition through the purchase of property in Texas. Once you close on your property we’ll guide you through the steps to apply for in state residency.
Our team is also available to manage your property through our UT Austin property management services. Get in touch with us today to learn more about the Texas residency process.
