Important Changes with the Texas Tomorrow Fund May Cost You Money

October 30, 2009

Phil King-1

by Phil King (R-Weatherford)

I wanted to bring something important to your attention that may potentially save your family thousands of dollars for your children’s education.

Nine years ago my father bought each of his grandchildren a Texas Tomorrow Fund grant. Since it’s beginning in 1995 as the Texas Tomorrow Fund, the Texas Guaranteed Tuition Plan has been an important educational resource for many Texans, including my family.  On August 24, 2009, I received a letter, as did the thousands of other families regarding the Texas Prepaid Higher Education Tuition Board’s decision to change the refund rule for unused tuition hours when a contract with the fund is canceled or a refund is requested.

The board’s decision has triggered two possible options for all plan purchasers in Texas:

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