[Texas Tuition Promise Fund] A New Thanksgiving Tradition

A New Thanksgiving Tradition

As families gather to celebrate Thanksgiving, the Texas Comptroller suggests adding a new holiday tradition this year: taking steps to begin saving for their children’s future education using the Texas Tuition Promise Fund® (TTPF), the state’s prepaid college tuition plan.

With more than 42,000 participants and growing, TTPF is marking its 10th year of helping Texas families achieve their children’s college dreams. 

Participants in TTPF purchase tuition units using one of the plan’s flexible payment options. These tuition units can be used later toward undergraduate resident tuition and school-wide required fees at Texas public colleges and universities. The current open enrollment period began Sept. 1, 2018, and runs through Feb. 28, 2019, allowing families to lock in 2018-19 prices for all or a portion of these costs. Residency requirements apply.  

“Thanksgiving is the perfect time for families to talk about their children’s dreams and future education plans, and create a financial strategy,” says Comptroller Glenn Hegar. “TTPF offers a way to help Texas families begin saving for future tuition and school-wide required fees at Texas public colleges and universities at today’s prices.”

For more information about the prepaid college tuition plan, including how tuition units can be converted for use at out-of-state and Texas private colleges and universities and career schools, go to TuitionPromise.org or call 800-445-GRAD (4723), Option 5. The website includes a calculator to estimate how much college might cost under different types of tuition units and payment plans.

Purchasers should carefully consider the risks, administrative fees, service and other charges and expenses associated with the contracts, including plan termination and decreased transfer or refund value. The Plan Description and Master Agreement contains this and other information about the plan and may be obtained by visiting the website or calling 800-445-GRAD (4723), Option 5. Purchasers should read these documents carefully before purchasing a contract. Participation in the plan does not guarantee admission to or graduation from any college or university.