How do I determine the Transfer Value of my Tuition Units if my child attends a medical or dental institution, private or out-of-state college or university, career school or registered apprenticeship program?
Transfer Value (Transfer Outside of Plan) is limited to the lesser of (1) the costs the Tuition Unit would cover at a public in-state 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.
Call Customer Service at 800-445-4723, Option #5, and request the current estimated Transfer Value Transfer ValueTransfer value is limited to the lesser of: 1) the costs the unit would cover at a Texas public college; or, 2) the small personal loans Bakersfield VT price paid for the unit, plus or minus the Plan’s net investment earnings or losses on that amount. Transfer value does not include any state-provided or procured matching contributions or earnings thereon. of your Tuition Units Tuition UnitsTuition Units are the unit of measure used to purchase prepaid tuition. Generally, one unit represents one percent of the cost of tuition and required fees for 30 semester hours at the school that most closely matches the unit’s pricing structure. . Net investment earnings or losses will continue to accrue until the business day the plan manager processes your transfer request.
When the Purchaser is ready to request payment of the Transfer Value to a medical or dental institution, private or out-of-state college or university, career school or registered apprenticeship program, the Purchaser can do the following:
- Print, complete and submit the Texas Tuition Promise Fund Transfer Value Payment Authorization Form found on our website under the Forms & Materials section.
- Attach an itemized bill from your school or apprenticeship program that details tuition and schoolwide required fees. required feesRequired fees are only those that must be paid by all students as a condition of enrollment in the college or university. They do not include course-specific fees such as equipment usage or lab fees, or fees related to your major or year of study.
Please note: Net investment earnings or losses continue to accrue until the business day the plan manager processes your transfer request.
Are Tuition Benefits available to pay for Dual Enrollment credits?
Yes. Your Tuition Units Tuition UnitsTuition Units are the unit of measure used to purchase prepaid tuition. Generally, one unit represents one percent of the cost of tuition and required fees for 30 semester hours at the school that most closely matches the unit’s pricing structure. can be used to pay undergraduate tuition and schoolwide required fees required feesRequired fees are only those that must be paid by all students as a condition of enrollment in the college or university. They do not include course-specific fees such as equipment usage or lab fees, or fees related to your major or year of study. for dual credit courses at Texas public two- and four-year colleges and universities.
In order to redeem Tuition Units while your child is attending high school, your account must have met the following requirements:
- Tuition Units to be redeemed must be paid in full
- Tuition Units must have met the three-year holding period three-year holding period
- The account cannot have unpaid fees or charges
- The account must have valid Social Security numbers on record for both the purchaser and beneficiary
- The account cannot have reached the 10-year termination limit
If your beneficiary takes dual credit courses at a Texas public college or university, follow the steps in item #4 above to authorize redemption of Tuition Units. If your child takes dual credit courses at an eligible career school, Texas private college or university, or out-of-state college or university, follow the steps in item #10 above to apply the Transfer Value of your Tuition Units toward the cost of tuition and schoolwide required fees. required feesRequired fees are only those that must be paid by all students as a condition of enrollment in the college or university. They do not include course-specific fees such as equipment usage or lab fees, or fees related to your major or year of study. Transfer Value (Transfer Outside of Plan) is limited to the lesser of (1) the costs the Tuition Unit would cover at a public in-state 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.