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 BENEFIT PAYMENTS FOR THE 2015-2016 ACADEMIC YEAR

2015-2016 hourly reimbursement rates for the Texas Guaranteed Tuition Plan (TGTP) will be considered for adoption by the Texas Prepaid Higher Education Tuition Board at their August meeting, tentatively scheduled for August 11, 2015. No Fall 2015 distributions will be processed until the rates are approved by the Board. Notice will be posted on this website when the Board has adopted the 2015-2016 rates.

If your beneficiary is attending an out of state college or university, you should notify the college or university that you will be using TGTP as payment for your tuition and required fees. You should coordinate with the school to determine if they will pre-credit your account pending receipt of payment from TGTP and if you need to pay any amounts prior to their deadline in order to avoid cancellation of classes or late fees.

2015-2016 Academic Year estimated tuition and required fee hourly reimbursement rates effective Fall 2015 – Summer 2016 (pending Board approval)
(These rates are based on the plan type you purchased.)

  • $93.97 for junior college plan hours
  • $293.36 for senior college plan hours
  • $780.24 for private college plan hours

2014-2015 Academic Year approved tuition and required fee hourly reimbursement rates effective Fall 2014 – Summer 2015
(These rates are based on the plan type you purchased.)

  • $90.26 for junior college plan hours
  • $286.71 for senior college plan hours
  • $765.68 for private college plan hours

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.