The world is getting more competitive every day. For your child to be successful, post-secondary education is critical, whether your Beneficiary attends a two-year or four-year college or university. A typical bachelor’s degree recipient can expect to earn about 66% more during a 40-year working life than the typical high school graduate earns over the same period.1 Customizing your plan to fit your situation takes a clear understanding of your educational objectives and budget.
Tuition Challenges, Tuition Solutions
Meeting the tuition challenge may be easier than you think. You can save on future tuition and required fee costs at Texas public colleges and universities by opening a Texas Tuition Promise Fund account at today’s prices.
Your account lets you lock in a child’s Texas public two-or four-year accredited college tuition and required fees at today’s prices. You can use your Texas Tuition Promise Fund account for any Texas public two-or four-year accredited college or university.
Scenario 1: Any Texas Public College, Regardless of Price
Tuition Challenge “We want our child to have all of the educational advantages we had – and then some.”
Type I Units can be used to pay for undergraduate resident tuition and required fees at the most expensive four-year Texas public college or university. All other public colleges in Texas will require less than 100 Type I Units for an academic year consisting of 30 hours. Build Your Plan
Scenario 2: Average Prices, but a Great Education
Tuition Challenge “I graduated from a great little Texas state college and still go back to visit whenever I can. If one of my children wants to go to the same school, well, so be it. I want to help make that happen.”
Should your budget not allow for Type I Units, you may want to consider the less expensive Type II Units. These units can be redeemed to pay the Weighted Average Cost of undergraduate tuition and required fees charged to full-time in-state students at four-year public colleges and universities in Texas. Build Your Plan
Scenario 3: Technical or Two-year College
Tuition Challenge “My child is thinking about getting a technical degree at a nearby community college. I’d like to find a way to put something toward tuition.”
Type III Units are priced lower than Type I and Type II. These units can be redeemed to pay the Weighted Average Cost of in-district undergraduate resident tuition and required fees of two-year institutions, including Texas junior colleges and public technical institutes. Build Your Plan
You can also consider a combination of unit types. Perhaps, purchasing Type III Units for the first two years at a junior college and then purchasing Type I or II Units for the last two years at a four-year Texas public college or university.
While all three types of Units can be used at any Texas public two-year or four-year college or university, the number of Units required will vary depending on the school attended. See the Tuition Unit Pricing Schedule and Unit Value Redemption Guide for more information.
1 Source The College Board, Education Pays 2010.