Tuition Planning Calculator

Use this calculator to explore all the flexibility of the Texas Tuition Promise Fund: you can compare tuition unit types and payment plans to find the best option for you and see how your selection can be applied at up to five Texas public universities, colleges and community colleges of your choice. Run as many calculations and scenarios as you choose.

Part 1: Create Your Plan

Calculator figures reflect unit prices in effect for the period that began 9/1/2013 and ends 8/31/2014. Existing account owners can purchase additional units during that sales period. New enrollment is currently closed except for newborns who can be enrolled through 7/31/2014. Calculator prices will be updated in September 2014 for the next enrollment period.

Part 1: Your Data
Click below to get more information on that item.
Beneficiary's Birth Date (m/d/y):       / /
Preferred Unit Type:      
Preferred Payment Plan:    Lump Sum Purchase  (one-time payment)
Installment Purchase  (monthly/annual payments)
Pay-As-You-Go Purchase  (any amount at any time)
Total Number of Type I Units You Wish to Purchase:      
 
100 Type I Units = 30 semester credit hours of tuition and required fees at the most expensive Texas public four-year college or university
 
100 Type I Units = 30 semester credit hours of tuition and required fees at the most expensive Texas public four-year college or university
 

Note: Participation in the Texas Tuition Promise Fund does not guarantee admission to any college or university.

Part 1: Your Results - Lump Sum Purchase of Type I Units

Your planned Lump Sum Type I Units purchase results:

Lump Sum Purchase Type I Units Purchased Number of Academic Years Purchased†
$2,951.50 25 units 0.25 years

†25 Type I Units are equivalent to 0.25 academic years of tuition and required fees at the most expensive Texas public four-year college or university based on 30 semester credit hours per year. Type I Units are designed to cover the cost of undergraduate tuition and required fees at all Texas public four-year colleges or universities, including the most expensive.

Part 2: Your Type I Tuition Plan - Hypothetical School Values

Part 2: Estimate What Your Unit Plan Will Buy

  • In this section you can estimate the number of tuition years that your planned tuition units purchase would equate to (lock in) at up to five colleges or universities of interest to you.
  • The information presented for the college(s) that you select is based on today's prices for the schools that you select, and is subject to change based on the actual costs of the school that your beneficiary selects in the year of redemption.

To estimate the number of academic years your planned purchase would equate to at up to five eligible Texas colleges or universities, please select up to five colleges from the lists below, then click Submit:

Four-Year Schools:
Two-Year Schools:
Schools chosen:
  1. Prairie View A&M University
  2. Sam Houston State University
Part 2: Your Results - Sample College Tuition Purchase Comparison
Estimated Number of Academic Years Purchased with 25.00 Type I Units for 2013-2014 Enrollment Period
  Prairie View A&M University Sam Houston State University
Academic Years Purchased 0.36 years 0.34 years
Number of Years of Full College Attendance 4 years 4 years
Years Over/Under Full College Years Attendance 3.64 years under 3.66 years under
Estimated Additional Type I Tuition Units Required for Full College Years Attendance 249 units more 266 units more

Important Notes and Disclosures

Results may vary: The purchase price of a single Type I tuition unit is based on one percent of the cost of undergraduate resident tuition and required fees at the eligible Texas public four-year college or university with the highest undergraduate resident tuition and required fees for the applicable academic year. Thus, when purchasing Type I units, the actual "purchasing power" of your units will vary depending on the college or university your beneficiary has selected and the extent to which its costs are below the costs of the most expensive institution.

Admission to Colleges and Universities: Participation in the Texas Tuition Promise Fund does not guarantee admission to any college or university.

You can enroll in the Texas Tuition Promise Fund online or mail in your account application. Enrollment kits can be ordered or downloaded from the Plan website (www.texastuitionpromisefund.com). Alternatively, you can call us at 800-445-GRAD(4723), select option #5 and request an enrollment kit.

Important Legal Information

  • The information contained in this report is made available to you for your independent use to assist you in college planning activities. We cannot and do not guarantee the information's accuracy or applicability to your circumstance.
  • OFI Private Investment Inc. does not provide tax and/or legal advice. Investors should consult their tax and/or legal advisor for such guidance.
  • The information presented in this calculator pertains to the Texas Tuition Promise Fund only; in particular, other 529 prepaid tuition plans are not considered.
  • The calculator is for hypothetical use only and depends on the information you provide. Results may vary with each use and over time. You should consult with your own investment, tax or financial advisor.
  • These calculations do not take into account any costs/fees associated with opening or maintaining the Texas Tuition Promise Fund account.
  • The calculator assumes that all tuition units will be redeemed at eligible public Texas colleges and universities for qualified expenses and that no refunds will be made.
  • The increase in value between the dollar amount of the original tuition unit purchases and the amount of tuition and required fees for which the tuition units are redeemed is assumed to be state and federal tax-free.
  • The calculator assumes the tuition unit prices in effect during the 9/1/2013 through 8/31/2014 sales period, that the account opening date is during the 9/1/2013 to 2/28/2014 enrollment period (or by 7/31/2014 for newborns), and that all payments applicable to the account will be received on time.
  • This calculator assumes that all Installment Plan payments will be made on each due date (annual or monthly due date) until the end of the contract, that no late fees apply, and that the first payment is due May 1 of the first contract year (5/1/2014).
  • This calculator assumes that Lump Sum Plan payments will be made by 5/1/2014, and Pay-As-You-Go payments will be made between 9/1/2013 and 8/31/2014.

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 529 plan. Non-residents of Texas should consider whether their state offers its residents a 529 plan with alternative tax advantages, 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. 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.

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

Date: 07/10/2014

© 2014 by Archimedes Systems, Inc.

The Texas Tuition Promise Fund® is established and maintained by the Texas Prepaid Higher Education Tuition Board. NorthStar Financial Services Group, LLC, in conjunction with its subsidiaries and affiliates, serves as 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 NorthStar Financial Services Group, LLC or its subsidiaries or 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 mark of the Texas Prepaid Higher Education Tuition Board. All rights reserved.


©Copyright 2014 Northern Lights Distributors, LLC. All rights reserved.