This unit-based prepaid plan provides Texas families with an opportunity to prepay future tuition and mandatory fees at Texas public institutions. By shifting the tuition risk to the state's public universities and colleges (under Texas law), the program is able to offer units at current tuition levels.
- Program typePrepaid unit
- Enrollment periodSeptember 1 thru February 28 (July 31 for newborns.) First payment is due on the following May 1.
- State agencyTexas Prepaid Higher Education Tuition Board; program manager is Orion Advisor Solutions, Inc.
- Tax deduction
Ratings & Rankings
Our overall rating for TX residents
This is a very good program that offers valuable benefits but may have some limitations or concerns that investors need to know.
Our overall rating for non-residents
This program is not open to you either because it has residency requirements or because it has stopped accepting new enrollments.
State residency requirements:
Who can be a participant/owner in the program?
Significant time or age restrictions imposed by the program:
Did you know?
529 plan contributions grow tax-free.
Withdrawals are tax-free when used to pay for qualified higher education expenses.
You can contribute as much as you want, as often as you want.
The key is to get started. Enroll today by completing a quick form online.
Current value of one unit:
Current unit price:
Are program benefits backed by the full faith and credit of the state?
Are program benefits collateralized or guaranteed in any other way?
Fees & Expenses
Enrollment or application fee:
Taxes and other Benefits
- Tax deduction for single filersNone
- Tax deduction for joint filersNone
Texas doesn't offer tax deductions
Program match on contributions:
State tax deduction or credit for contributions:
State tax treatment of qualified distributions:
Does the sponsoring state exclude the value of an account for state financial aid purposes?
Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?
Is there a rewards program or outside scholarship program that works with this program?
Upromise Helps Families Save for College
Statutory protection of an account from creditors:
Did you know?
Residents are not limited to investing in their own state’s 529 plan.
Another state may offer a plan that performs better and has lower fees.
The 529 plan chosen does not affect which state the student enrolls in.
You can live in New York, open a plan from Nevada and send a student to college in Florida.
The best way to maximize your college savings?
Start early and save often. You can get started today with easy online enrollment.
Distributions & Terminations
To whom are distributions made payable:
Policy regarding participant/owner changes:
Documents, Access & Reporting
Does participant have online password-protected access to account?
Can the complete enrollment process including funding be done online?
Start saving for your child’s future today
Complete the online application and make your first deposit