Texas 529 Update, February 2024 Page: 4
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The Texas Tuition Promise Fund is offering virtual learning
opportunities about the plan. Register for one of our
upcoming webinars, and learn more about tuition units, tuition
unit redemption values, payment options and more.**
**Residency restrictions apply.
Webinar Calendar
Texas Tuition Promise Fund
Texas Match the Promise FoundationsM
Texas 529 Update ArchivesCONTACT US
TuitionPromise.org
Email us
Call 800-445-GRAD (4723), option 5The Texas Match the Promise FoundationsM awards matching
scholarships and tuition unit grants to eligible third through
ninth graders who are enrolled in the Texas Tuition Promise
Fund. The foundation encourages families to save for college
by supplementing their contributions to the plan. Eligible
students can apply between Sept.1 and Dec. 31. More details
can be found at MatchThePromise.org.***
***Residency restrictions, eligibility criteria, household income restrictions
and contribution requirements apply.The Texas Tuition Promise Fund ("Plan"), and the Texas College Savings
Plan and the LoneStar 529 Plan ("Savings Plans," together with the Plan,
the "Plans') are administered by the Texas Prepaid Higher Education
Tuition Board ("Board'). Orion Advisor Solutions, Inc. ("Orion') is the
manager for the Plans. The Savings Plans are distributed by Northern
Lights Distributors, LLC and maintained by Gemini Fund Services, LLC,
neither of which are affiliated with Orion. The Plans and the Board do
not provide legal, financial, or tax advice and you should consult a legal,
financial, or tax advisor before participating.
Non-residents of Texas should consider whether their home state, or the
beneficiary's home state, offers its residents any tax or other state benefits
such as financial aid, scholarship funds, and protection from creditors that
are only available for participants in that state's plan.
Texas Tuition Promise Fund
Participation in the Plan does not guarantee admission to or graduation
from any college or university. Only the purchaser may direct redemptions,
withdrawals, changes in beneficiary, or other contract changes.
You may lose money by participating in the Plan. No part of a contract is
a deposit or obligation of, or is guaranteed or insured by, the Board, the
state of Texas, or any agency or agent thereof. The contracts have not
been registered with or approved by the SEC or any state. Purchasers
should carefully consider the risks, fees, charges, and expenses associated
with contracts, including Plan termination and reduced Transfer or Refund
Value. Transfer Value applies to redemptions at Texas private colleges
and universities, out-of-state colleges and universities, medical and dental
schools, career schools, and registered apprenticeship programs and is
the lesser of: (1) the costs the units would cover at a Texas public college
or university; or (2) the original purchase price of the units plus or minus
the Plan's net investment earnings or losses on that amount. Texas Match
the Promise Foundations scholarships can only be used at Texas public
colleges and universities, and any Transfer Value of a Match the Promise
Foundation scholarship account cannot be utilized. The Plan Description
and Master Agreement contain this and other information about thePlan and may be obtained by visiting TuitionPromise.org or calling 800-
445-GRAD (4723), option 5. Purchasers should read the Plan Description
and Master Agreement, and all other Plan documents carefully before
purchasing a contract.
Texas College Savings Plan and LoneStar 529 Plan
Estimated total asset-based fees are available on the Allocation
Worksheets for the Texas College Savings Plan and the LoneStar
529 Plan, and are published in the Plan Descriptions and Savings Trust
Agreements, which are reviewed annually. Fees are subject to change.
An account could lose money including the principal invested. No part of
an account is a deposit or obligation of, or is guaranteed or insured by,
the Board, the state of Texas, or any agency or agent thereof. Interests
in the Savings Plans have not been registered with or approved by the
SEC or any state. Investors should carefully consider the investment
objectives, risks, fees, charges, and expenses associated with municipal
fund securities. The Board may suspend, modify, or terminate the Savings
Plans or change investment approaches, offerings, and/or underlying
investment funds at any time and without the consent of account owners
or beneficiaries. The Plan Descriptions and Savings Trust Agreements
contain this and other important information about the Savings Plans
and may be obtained by visiting TexasCollegeSavings.com or calling
800-445-GRAD (4723), option 3, for the Texas College Savings Plan, or by
visiting LoneStar529.com or calling 800-445-GRAD (4723), option 4, for
the LoneStar 529 Plan. Investors should read the Plan Descriptions and
Savings Trust Agreements, and all other Savings Plans documents carefully
before investing.
2024 Texas Prepaid Higher Education Tuition Board. "Texas Tuition Promise
Fund," "Texas College Savings Plan," and "LoneStar 529 Plan" are registered
service marks of the Texas Prepaid Higher Education Tuition Board. All rights
reserved. The Savings Plans are distributed by Northern Lights Distributors, LLC,
Member FINRA, SIPC, 4221N 203rd St., Suite 100, Elkhorn NE 68022.GLENN HEGAR TEXAS COMPTROLLER OF PUBLIC ACCOUNTS
1076-NLD-01262024
96-1836/February 2024
4
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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/m1/4/: accessed May 30, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.