Texas 83rd Legislative Session Report: Texas Tuition Promise Fund Helps Save for College
The following is a digest of an article from the Times Record News on Feb. 11th, 2013.
Texas families still have time to lock in costs at Texas public colleges and universities at today’s prices to avoid future increases in tuition and fees, said Comptroller Susan Combs.
Families can do so by enrolling their children in the Texas Tuition Promise Fund, the state’s prepaid college tuition program. The program allows participants to lock in the cost of undergraduate tuition and fees at Texas public colleges and universities based on current prices.
“Families can purchase a Promise Fund account and ease their concern about rising college costs,” Combs said. “The program also gives parents the flexibility of choosing how much prepaid tuition they want to buy and what payment options to use as they plan ahead for their children’s education.”
Under the plan, families can prepay tuition and fees for a four-year degree, two years of community college, or just a few semesters at Texas public colleges and universities by purchasing tuition units.
The annual enrollment period ends Feb. 28. The deadline extends to July 31, however, for children younger than 1. The next annual enrollment period begins Sept. 1, with new contract prices based on Texas public college costs for the 2013-2014 academic year.
Plan information, prices, enrollment forms and more are available at www.texastuitionpromisefund.com or call 900-445-4723, option 5.