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Texas Guaranteed Tuition Plan. The Texas Guaranteed Tuition Plan, also known as the Texas Tomorrow Fund, was the state’s original prepaid tuition plan and is now closed to new enrollment. Read more about The Texas Guaranteed Tuition Plan.
First decide what plan is best for your needs and budget, what tuition unit types you’d like to buy and how you’d like to pay for the units. The Pricing Schedule and Redemption Guide and Tuition Planning Calculator are useful tools in comparing unit prices and redemption values.
The Texas Tuition Promise Fund (Plan) offers many advantages: Benefits are tax free when used to pay tuition and required fees Close X Required Fees: Required fees are only those that must be paid by all students as a condition of enrollment in the college.
The Texas Guaranteed Tuition Plan, also known as the Texas Tomorrow Fund, was offered as the original Texas prepaid plan opened in 1995. It closed to new enrollment in 2003. Is the Texas Tuition Promise Fund guaranteed by the state of Texas?
You can receive a refund . Term Has Definition. request a refund: For all units held at least three years (and for contracts cancelled due to the Beneficiary’s death, disability, receipt of scholarship or admission to a U.S. Military Academy), the Purchaser will receive the Refund.
Rollover: A tax-free reinvestment from one qualified 529 Plan to another within a specific time frame. The time frame for a qualified rollover is usually 60 days provided that no other rollovers have occurred with respect to the Beneficiary within the prior 12 months.
Plan Pricing Basics. College planning begins with a single question: “What is the right college savings plan for my child – and for my budget?”. The Texas Tuition Promise Fund created three pricing levels (“Tuition Unit Types”) to address the different needs of young Texans and their parents.
The General Enrollment period for all eligible children is open annually from Sept. 1 through Feb. 28 (Feb. 29 in leap years). However, children younger than 1 year of age may be enrolled during Newborn Enrollment through July 31. It’s easy to open a Texas Tuition Promise Fund account.
The Plan Description and Master Agreement contain this and other information about the Fund and may be obtained by visiting www.TexasTuitionPromiseFund.com or calling 800-445-GRAD (4723), option #5. Purchasers should read the Plan Description and all other Fund documents carefully before purchasing a contract.
Lock in Savings at Texas Public Colleges and Universities. The Plan offers an opportunity to protect against rising tuition costs at Texas two- and four-year public colleges or universities, excluding medical and dental schools, health science centers and other health-related institutions.