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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]
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 ...
In Texas, for example, there are three: a Direct-Sold Savings Plan (Texas Colleges Savings Plan); Advisor-Sold Savings Plan (LoneStar 529 Plan) and Prepaid Plans (Texas Tuition Promise Fund).
Nevada: Nevada Prepaid Tuition Program. The Nevada Prepaid Tuition Program was established in 1997. Via a 529 plan, the program allows you to purchase future tuition credits at today's cost.
Therefore, performance is based upon tuition inflation. Prepaid plans may be administered by states or higher education institutions. Currently, nine states provide a prepaid tuition plan that is accepting new applicants. Those states include Florida, Illinois, Massachusetts, Michigan, Nevada, Pennsylvania, Texas, Virginia, and Washington. [5] [6]
GET is a 529 prepaid tuition savings plan, while Washington's other plan, DreamAhead, is a 529 college investment plan. As with any 529 plan, account owners invest in the program on behalf of a beneficiary – typically the owner's child or grandchild – in order to prepay for expenses associated with the beneficiary attending a higher ...
Sep. 4—AUSTIN — Texas Comptroller Glenn Hegar reminds families that enrollment in the Texas Tuition Promise Fund, the state's prepaid college tuition plan, began Sept. 1 and runs through Feb ...
A prepaid tuition plan allows you to use today's dollars to pay for future college expenses. In some ways, a prepaid tuition plan is similar to a 529 college savings plan, as both allow you to...