[Webinars] Learn More About the Texas Tuition Promise Fund®

Texas Comptroller of Public Accounts sent this bulletin at 09/27/2021 10:11 AM CDT

Steps to Start Saving for College Now

Learn more about the Texas Tuition Promise Fund^®, the state's tax-advantaged prepaid college tuition plan, and the Texas Match the Promise Foundation^SM, a 501(c)(3) public charity offering unique scholarship opportunities to eligible participants in the Texas Tuition Promise Fund.

Upcoming webinars will provide an overview of the Texas Tuition Promise Fund and information on the different types of tuition units, tuition redemption values and payment options.* In addition, the webinars will present information about matching scholarships and tuition unit grants available through the Texas Match the Promise Foundation.**

Sign up for one of our upcoming webinars.

If you have any questions regarding the webinar, please contact us at TuitionPromise@cpa.texas.gov.

For more information about the Texas Tuition Promise Fund, visit TuitionPromise.org or call 800-445-GRAD (4723), option 5.

* Residency restrictions apply.

** Residency restrictions, age requirements, eligibility criteria, household income restrictions and contribution requirements apply.

The Texas Tuition Promise Fund^® (“Plan”) is administered by the Texas Prepaid Higher Education Tuition Board (“Board”) and Orion Advisor Solutions, Inc. is the plan manager. The Plan and the Board do not provide legal, financial, or tax advice and participants in the Plan should consult a legal, financial, or tax advisor prior to purchasing a contract.

Participation in the Plan does not guarantee admission to or graduation from any college or university. Only the purchaser may direct redemptions, withdrawals, changes in beneficiary, or other contract changes. Non-residents of Texas should consider whether their home state, or the beneficiary’s home state, offers residents any tax or other state benefits, such as financial aid, scholarship funds, and protection from creditors, that are only available for participants in that state’s plan.

You may lose money by participating in the Plan. No part of a contract is a deposit or obligation of, or is guaranteed or insured by, the Board, the state of Texas, or any agency or agent thereof. The contracts have not been registered with or approved by the SEC or any state. Purchasers should carefully consider the risks, fees, charges, and expenses associated with contracts, including Plan termination and reduced Transfer or Refund Value. Transfer Value applies to redemptions at private colleges and universities, out-of-state colleges and universities, medical and dental schools, career schools, and registered apprenticeship programs and is the lesser of: (1) the costs covered at a Texas public college or university; or (2) the original purchase price plus or minus net investment earnings or losses. The Plan Description and Master Agreement contains this and other information about the Plan and may be obtained by visiting texastuitionpromisefund.com or calling 800-445-GRAD (4723), option #5. Purchasers should read all Plan documents carefully before purchasing a contract.

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