IMPORTANT INFORMATION REGARDING BENEFIT PAYMENTS FOR THE 2024-2025 ACADEMIC YEAR

Most Texas public and private colleges and universities will pre-credit the student's account for tuition and schoolwide required fees for the hours covered by the plan pending receipt of payment from TGTP. However, you should coordinate with in-state or out-of-state schools to verify whether they will pre-credit your beneficiary's student account and if not, whether you need to pay any amounts due prior to their payment deadline in order to avoid cancellation of your beneficiary's classes. Even though the school may pre-credit your beneficiary's student account for tuition and schoolwide required fees, they may not pre-credit the account for expenses not covered by the plan such as course-specific fees, books, and room and board or hours in excess of the hours available on your TGTP contract. You must pay any costs not covered by the plan by the school's payment deadline to avoid cancellation of your beneficiary's classes.

The hourly tuition and schoolwide required fee rates for the 2024-2025 academic year effective Fall 2024 - Summer 2025 are:

  • $126.71 for junior college contract hours
  • $372.19 for senior college contract hours
  • $1,067.03 for private college contract hours

(The above rates are based on the contract type purchased.)

The 2023-2024 Academic Year tuition and required fee hourly reimbursement rates effective Fall 2023 - Summer 2024 will be:

  • $  125.47 for junior college contract hours
  • $  366.88 for senior college contract hours
  • $1,046.09 for private college contract hours

(The above rates are based on the contract type purchased.)

A message for our account owners:

Benefits of the Texas Guaranteed Tuition Plan, also known as the Texas Tomorrow Fund, are guaranteed by a constitutional amendment passed by Texas voters in November 1997.

Fluctuations in the stock market do not impact the amount that the plan pays to colleges and universities or refunds on cancelled accounts.

Information on your account is available through Account Login or by calling 1-800-445-4723, option #2, to speak to a Customer Service Representative.

Submit All Payments and Forms To:   

Texas Guaranteed Tuition Plan
P.O. Box 13407, Austin, TX 78711- 3047

Or You Can Fax Forms To:

(512) 475-0081

Texas Guaranteed Tuition Plan — constitutionally guaranteed to pay for your beneficiary's tuition and required fees.

The state will honor all Texas Tomorrow Fund or Texas Guaranteed Tuition Plan contracts to pay for a beneficiary's college tuition and required fees.

 

View Information about Texas Guaranteed Tuition Plan Distributions and IRS FORM 1099-Q

 

Online account access for TGTP students:

Students now have the ability to view their Distribution History and Benefit Balance as well as print Enrollment Verification Letters. Access your account.

 

Important Information Regarding the Value of Your TGTP Contract for Financial Aid Purposes

The Plan cannot determine and makes no representation as to what effect, if any, a Contract may have on future state, federal, institutional, or private financial aid eligibility of any Beneficiary. The receipt of, or potential for receipt of, distributions or refunds under a Contract may affect a Beneficiary's qualification for or receipt of such financial aid. The Purchaser should contact the financial aid office at the Beneficiary's eligible educational institution for information on financial aid award procedures.

Texas law provides that assets in an account may not be considered in determining eligibility for Texas state-funded student financial aid.

529 Plan Tax Exemption Becomes Permanent

The exemption from federal income tax for withdrawals from Internal Revenue Code Section 529 plans that are used for qualified tuition expenses was scheduled to expire on December 31, 2010. The Pension Protection Act (H. R. 4), which was recently passed by Congress and signed by President Bush on August 17, 2006, made the exemption permanent. This exemption applies to all Qualified Tuition Plans, such as the Texas Guaranteed Tuition Plan (TGTP).

This is not a financial investment vehicle. The public purpose of the Plan as defined in statute is to assist young Texans in obtaining a higher education.

TGTP cannot provide investment or tax advice, and the foregoing information should not be construed as legal, financial, or tax advice with respect to the consequences for any particular individual as a result of the purchase of or distribution from a TGTP prepaid tuition contract. This information is not a substitute for discussing your particular situation with a tax professional or the IRS.