Be Ready When They Are
Chances are, you have plenty of time to save for your children's or grandchildren's education. After all, it could be 15 years or more until the money is needed. But have you factored in how much college will cost then? Tuition costs are skyrocketing, rising at a rate of approximately 6 percent a year!
The truth is, time is on your side now. By getting a head start, you will be taking one of the most valuable steps to ensuring a good future for your child, grandchild or other loved one.
Texas Tuition Promise FundŽ, the state's newest prepaid tuition plan
Lock in tomorrow's college tuition costs at Texas public colleges and universities at today's prices. The new Texas prepaid tuition plan, the Texas Tuition Promise Fund, will give you an important opportunity to prepay and save for your child's future education. The Texas Tuition Promise Fund, managed by OFI Private Investments, Inc., is open to enrollment each year from Sept. 1 through Feb. 28 (29 in leap years) and newborns can be enrolled from Sept. 1 to July 31. For more information on the plan, please visit the Texas Tuition Promise Fund website.
Save Even More for College Expenses
The Texas College Savings Plan is a qualified 529 savings plan offered through the state. Managed by OFI Private Investments Inc. (OFIPI), a subsidiary of OppenheimerFunds Inc., the plan offers 20 different investment portfolios, tax-free growth of your investment and tax-free withdrawals on earnings used for qualified higher education expenses. New applications and investments in the plan are accepted year-round.
Texas Guaranteed Tuition Plan (closed to new enrollment)
The Texas Guaranteed Tuition Plan (formerly the Texas Tomorrow Fund) was developed to cover the cost of tomorrow's college tuition and required fees at Texas public colleges and universities. NOTE: This plan is currently closed to new enrollment. Plan participants may view fund information and resources and log onto their accounts 24X7 on the Texas Guaranteed Tuition Plan Web site.
Notice to Texas Guaranteed Tuition Plan Purchasers: The Texas Guaranteed Tuition Plan is backed by the full faith and credit of the state of Texas. The state will honor all Texas Guaranteed Tuition Plan contracts purchased to pay for your beneficiary's education at a state-funded school.