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[Newsletter] Texas 529 Update – February Edition

TEXAS, February 25 - Welcome to the February edition of the Texas 529 Update – a quarterly newsletter full of information about the Texas Tuition Promise Fund® (TTPF) Program. Topics for this edition include:

  • Feb. 28 general enrollment deadline for TTPF.
  • Our easy-to-use Tuition Planning Calculator.
  • A look at different ways to help you meet college costs.

Get all the details in this issue of our newsletter.

 

               Texas Tuition Promise Fund     Match the Promise Foundation

This newsletter is not a substitute for the detailed information in the Texas Tuition Promise Fund Plan Description and Master Agreement.

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 the units would cover at a Texas public college or university; or (2) the original purchase price of the units plus or minus net investment earnings or losses on that amount. Match the Promise FoundationSM scholarships can only be used at Texas public colleges and universities, and Transfer Value cannot by utilized. The Plan Description and Master Agreement contains this and other information about the Plan and may be obtained by visiting TuitionPromise.org or calling 800-445-GRAD (4723), option 5. Purchasers should read all Plan documents carefully before purchasing a contract.