Texas 529 Update, March 2021 Page: 2
4 p. : col. ill.View a full description of this periodical.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
Ready to Use Your Tuition Units?
N 5
Time flies, and before you know it, your
beneficiary will be ready to start college.
When that time comes, you'll want to
redeem available tuition units to pay your
beneficiary's undergraduate resident tuition
and schoolwide required fees.
The first step to redeeming your TTPF
tuition units is signing into your account
online, selecting the Benefits Information
tab and following the instructions to
authorize payment at a Texas public college
or university, or by completing and returning
the Benefits Authorization Form. You will
need the following information to begin the
process of redeeming tuition units:
TTPF account number
Student ID number
Name of the eligible Texas public college
or university
Term and semester attending
After you complete the online redemption
process or submit the Benefits Authorization
Form by mail, your designated Texas public
college or university will be notified that your
beneficiary will be using the plan to pay all
or a portion of the school's undergraduate
resident tuition and schoolwide required
fees. The school will bill the plan for those
costs following its "add/drop" period. Most
Texas public colleges and universities will
pre-credit the beneficiary's student account
for the estimated amount to be paid by the
plan while the billing is pending.
If the beneficiary is attending a Texas
private college or university, an out-of-statecollege or university, a career school or a
U
medical or dental institution, the Transfer
Value will be paid.
Transfer Value (Transfer Outside of Plan)
is limited to the lesser of (1) the costs of
tuition and schoolwide required fees the
tuition unit would cover at a Texas public
college or university or (2) the original
purchase price of the tuition unit, plus or
minus the plan's net investment earnings or
losses on that amount. Any outstanding fees
imposed by the plan would be subtracted
from the total transferred amount.
The purchaser must complete and return
a Transfer Value Payment Authorization
Form to apply the Transfer Value of their
tuition units at a Texas private college or
university, an out-of-state college or univer-
sity, a career school or a medical or dental
institution. This should be done as early
as possible to allow ample time to process
the payment before the school's payment
deadline in order to avoid cancellation of
classes. These schools will not pre-credit the
student's account while payment is pending.
To determine the Transfer Value of your
account, log in to your account or contact
the plan at 800-445-GRAD, option #5.
Remember the purchaser must
authorize payment each semester. To
avoid fees or cancellation of classes, any
costs charged by the school that are not
covered by the plan should be paid by
the purchaser or beneficiary prior to the
school's payment deadline. Please reach
out to the school for more information
about any costs not covered by the plan,
payment methods and deadlines.The Texas Tuition Promise
Fund Student Handbook is
a good resource for detailed
information about using your
plan benefits.2
GLENN HEGAR TEXAS COMPTROLLER OF PUBLIC ACCOUNTS
F MONROE
__ __J
....
/'
' `' `
J / f G A
` . ..
. Y
\ r
,.
r 7
t !1
'_ :.
,. ,
1 7 J
Upcoming Pages
Here’s what’s next.
Search Inside
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Periodical.
Texas. Comptroller's Office. Texas 529 Update, March 2021, periodical, March 2021; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1594091/m1/2/: accessed May 28, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.