Compare Texas Prepaid Plans

The Texas Guaranteed Tuition Plan, also known as the Texas Tomorrow Fund, was offered as the original Texas prepaid tuition plan. The plan was open from 1995-2003, and is currently closed to new enrollment. The new Plan opened in 2008, and is known as the Texas Tuition Promise Fund. The primary difference between the Plans:

  • Texas Tomorrow Fund (Old Plan): The Texas constitution guarantees payment of tuition and required fees for the Plan’s beneficiaries who attend college when their Purchaser redeems their contract for that purpose.
  • Texas Tuition Promise Fund (New Plan): The Plan is not constitutionally guaranteed, however, Texas law requires all Texas two-year and four-year public colleges and universities to accept tuition units as payment for the applicable portion of tuition and required fees. This law does not apply to private or out-of-state colleges and universities or career schools.

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Texas State Seal

Susan Combs,

Texas Comptroller of Public Accounts
Texas Accessibility Policy

The Texas Tuition Promise Fund® is established and maintained by the Texas Prepaid Higher Education Tuition Board. OFI Private Investments Inc., a subsidiary of OppenheimerFunds, Inc., is the plan manager. Some states offer favorable tax treatment to their residents only if they invest in the state's own plan. Investors should consider before investing whether their or their designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program and should consult their tax advisor. The Contracts are not deposits or other obligations of any depository institution. Neither a Contract nor any return paid with a refund is insured or guaranteed by the FDIC, the state of Texas, the Texas Prepaid Higher Education Tuition Board, any other state or federal governmental agency or OFI Private Investments Inc. or its affiliates. The Contracts have not been registered with the U.S. Securities and Exchange Commission or with any state.

Purchasers should carefully consider the risks, administrative fees, service and other charges and expenses associated with the Contracts, including plan termination and decreased refund or transfer value. The Plan Description and Master Agreement contain this and other information about the Plan, and may be obtained by visiting www.texastuitionpromisefund.com or calling 1.800.445.GRAD (4723), option #5. Purchasers should read these documents carefully before purchasing a Contract.

Comments or complaints may be forwarded to the Prepaid Higher Education Tuition Program, Office of the Comptroller of Public Accounts at P.O. Box 13407, Austin, Texas 78711-3407, or by calling 1-512-936-2064.

"Texas Tuition Promise Fund" is a registered mark of the Texas Prepaid Higher Education Tuition Board. All rights reserved.
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