Texas 529 Update, February 2024 Page: 3
4 p. : col. ill.View a full description of this periodical.
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Texas offers two college savings plans
to help families save for qualified
education expenses. The Texas
College Savings Plan is a direct-sold
college savings plan that you can
enroll in online, or if you work with
a financial advisor, ask them about
the LoneStar 529 Plan, the state's
advisor-sold college savings plan. The
college savings plans can be used to
pay for undergraduate and graduate
school tuition, fees, books, supplies,
equipment including computers, and
special needs services required to enroll
at or attend an eligible college, or the
cost for a registered apprenticeship
program. The college savings plans
offer a number of investment options
and strategies that you can tailor to
align with your risk tolerance, time
horizon and financial situation.By using the Texas Tuition Promise
Fund and a Texas college savings plan,
you can create a comprehensive and
diversified education savings strategy
that meets your specific needs and
goals. The Texas Tuition Promise Fund
can be used for undergraduate resident
tuition and required, schoolwide fees at
Texas public colleges and universities,
and the Transfer Value* can be used
at medical and dental schools, Texas
private colleges and universities,
out-of-state colleges and universities,
career schools, and registered
apprenticeship programs. The college
savings plans can be used to cover
additional costs not covered by the
Texas Tuition Promise Fund.
The Texas Tuition Promise Fund
and the Texas college savings plans
are authorized by Section 529 of theInternal Revenue Code and offer
tax-free withdrawals when used to
pay for qualified education expenses.
Visit SaveNowForCollege.org for
more information.
Don't miss this opportunity to invest
in your child's future with a 529 plan
today!
*The Texas Tuition Promise Fund Transfer
Value can be used to pay tuition and required,
schoolwide fees at medical and dental schools,
Texas private colleges and universities, out-of-
state colleges and universities, career schools,
and registered apprenticeship programs.
Transfer Value is limited to the lesser of:
(1) the cost the tuition units would cover at a
Texas public college or university; or
(2) the original purchase price of the tuition
units plus or minus the plan's net investment
earnings or losses on that amount.3
GLENN HEGAR TEXAS COMPTROLLER OF PUBLIC ACCOUNTS
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Texas. Comptroller's Office. Texas 529 Update, February 2024, periodical, February 2024; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1655242/m1/3/: accessed May 30, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.