Texas law requires all Texas two-year and four-year public colleges and universities to accept Texas Tuition Promise Fund® Tuition Units as payment for the applicable portion of tuition and required fees.

Your Beneficiary will be treated as a Texas resident for the portion of the tuition and required fees covered by the Plan even if he or she lives out-of-state at the time of enrollment. Any portion not paid for by the redemption of Tuition Units must be paid at the school’s then-current tuition rate based on the then-current residency status of the Beneficiary.

Assets in your account are not considered in determining eligibility for Texas state-funded financial aid.

Two Texas 529 Plans

Texas offers two types of 529 Plans – prepaid and savings. The prepaid tuition plan covers only tuition and required fees. The savings plans can be used to pay qualified educational costs not covered by the prepaid plan such as books, lab fees, and room and board.

You have the flexibility to choose one type of plan or combine both plans into a program designed to work best for your future graduate.

Each plan offers several investment and payment options to fit your needs.

1. The Texas Tuition Promise Fund is a Texas prepaid plan that allows Texans to lock in tomorrow’s Texas public tuition and required fees at today’s prices.

The Plan offers:

  • An opportunity to prepay all or part of tuition and required fees for a college education at a Texas two- or four-year public institution at today’s rates.
  • A chance to start saving for a college education from a child’s birth.
  • The flexibility to be used for private and out-of-state colleges and universities or career schools too. If your child attends a private or out-of-state college or career school where tuition and fees are not locked in, you can apply the Transfer Value of your units toward the cost of tuition and required fees.
  • The flexibility to change the Beneficiary to another member of Beneficiary’s family or request a refund. The new Beneficiary must be a Texas resident or the child of a parent who is both the Purchaser and a Texas Resident.

2. The Texas College Savings Plan® is a 529 college savings plan administered by the state of Texas that offers a flexible and tax-advantaged way to save for a child’s college education, including tuition, fees, room and board, and textbooks.1 The Plan’s benefits include:

  • A choice of savings options, including 20 different investment portfolios;
  • Any earnings grow tax free; and
  • Withdrawals are tax-free as long as the withdrawal is used for qualified higher education expenses, including certain books, room and board (subject to limits), and other qualified expenses.

Finally, the LoneStar 529 Plan® is a college savings plan for those who want the advice of an investment professional.2 Please note that a purchase through an investment representative will incur additional fees.

Build Your Plan Now

1 As stated in the current Plan Description, total fees for the portfolios ranged from 0.42% to 0.83%, including six index age-based portfolios with total fees that ranged from 0.51% to 0.55%. Fees are subject to change.

Comments or complaints may be forwarded to the Prepaid Higher Education Tuition Program, Office of the Comptroller of Public Accounts, P.O. Box 13407, Austin, Texas 78711-3407 or by calling 1.512.936.2064.

The Texas College Savings Plan® is established and maintained by the Texas Prepaid Higher Education Tuition Board and distributed by OppenheimerFunds Distributor, Inc. OFI Private Investments Inc., a subsidiary of OppenheimerFunds, Inc., is the plan manager and administrator of the Plan. 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. Interests in the Plan are not deposits or other obligations of any depository institution.

No part of an account, the principal invested, nor any investment return 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. An account might not make money and could lose money (including the principal invested) if money is invested in the Plan. Interests in the Plan have not been registered with the U.S. Securities and Exchange Commission or with any state.

Before investing in the Plan, investors should carefully consider the investment objectives, risks, administrative fees, service and other charges and expenses associated with municipal fund securities. The Plan Description and Savings Trust Agreement contain this and other information about the Plan, and may be obtained by visiting www.texascollegesavings.com or calling 1.800.445.GRAD (4723), option #3. Investors should read these documents carefully before investing.

“Texas College Savings Plan” is a registered service mark of the Texas Prepaid Higher Education Tuition Board. All rights reserved.

The Texas College Savings Plan® is distributed by OppenheimerFunds Distributor, Inc. Member FINRA, SIPC

2 As stated in the current Plan Description, total Plan fees for the portfolios ranged from 0.48% to 2.38% with a maximum sales charge of 5.75%. Fees are subject to change.

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.

The LoneStar 529 Plan® is established and maintained by the Texas Prepaid Higher Education Tuition Board and distributed by OppenheimerFunds Distributor, Inc. OFI Private Investments Inc., a subsidiary of OppenheimerFunds, Inc., is the plan manager and administrator of the Plan. 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. Interests in the Plan are not deposits or other obligations of any depository institution.

No part of an account, the principal invested, nor any investment return 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. An account might not make money and could lose money (including the principal invested) if money is invested in the Plan. Interests in the Plan have not been registered with the U.S. Securities and Exchange Commission or with any state.

Before investing in the Plan, investors should carefully consider the investment objectives, risks, administrative fees, service and other charges and expenses associated with municipal fund securities. The Plan Description and Savings Trust Agreement contain this and other information about the Plan, and may be obtained by visiting www.lonestar529.com or calling 1.800.445.GRAD (4723), option #4. Investors should read these documents carefully before investing.

“LoneStar 529 Plan” is a registered service mark of the Texas Prepaid Higher Education Tuition Board. All rights reserved.

The LoneStar 529 Plan® is distributed by OppenheimerFunds Distributor, Inc. Member FINRA, SIPC
Two World Financial Center, 225 Liberty Street, New York, NY 10281-1008
© 2012 OppenheimerFunds Distributor, Inc. All rights reserved.

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.
©2014 OFI Private Investments Inc. All rights reserved.