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Most states that close their prepaid tuition plans now administer other education savings plans instead. In Texas, the TGTP was replaced by a new prepaid plan in 2008. The Texas Tomorrow Fund will be reopened for new enrollment under a new name: [5] The Texas Tuition Promise Fund, which replaced the Texas Guaranteed Tuition Plan in 2008. [6]
This move is an extension of the school system’s existing aid programs. In 2019, UT Austin students from families with incomes of $65,000 or less were offered free tuition and mandatory fees.
Texas House Bill 588, commonly referred to as the "Top 10% Rule", is a Texas law passed in 1997. It was signed into law by then governor George W. Bush on May 20, 1997. The law guarantees Texas students who graduated in the top ten percent of their high school class automatic admission to all state-funded universities.
Prepaid tuition plans allow you to lock in future in-state tuition for your child at today’s tuition costs. Like other types of 529 plans, you may receive a tax benefit as a deduction or credit ...
Since deregulation, the average cost of tuition and fees at the state's public universities has increased by 90 percent, according to the Texas Higher Education Coordinating Board. Of the 181 members of the state's 83rd Legislature, more than 50 have voted at least once to advance efforts to end tuition deregulation, and fewer than 20 have ...
“In 2019, the [Board of] Regents established a $167 million endowment at UT Austin to completely cover tuition and mandatory fees for in-state undergraduate students from families with an AGI of ...
The Permanent University Fund was established by the 1876 Constitution of the State of Texas. [2] Initially, its assets included one-tenth of University of Texas at Austin lands bordering the railroads (UT Austin was granted 1 million acres (4,000 km 2) in West Texas as compensation) as well as 1 million acres (4,000 km 2) additional. [3]
In a letter to Texas colleges and universities, Gov. Greg Abbott said he won't support tuition increases over the next two years. Read full letter.