The first payment due date is , for Contracts established during the Plan’s 2021-2022 Enrollment Period. Enrollment PeriodEach year the Board sets an annual open Enrollment Period that typically begins on Sept. 1 and ends on best online installment loans in Massachusetts the last day of February of the following year. However, newborns may be enrolled through July 31 of each year.
“Sales period” means the year-long period from Sept. 1 through Aug. 31 during which a Purchaser who has established a Contract may make purchases under the Contract. The enrollment period for establishing new Contracts is Sept. 1 through Feb. 28 each year (Feb. 29 in a leap year). Enrollment for newborns or children younger than 1 year of age extends through July 31.
What is the three-year holding period?
“Three-Year Holding Period” means the period of time that must transpire before a Beneficiary or Purchaser may redeem a Tuition Unit.
What if my child attends a medical or dental institution, private or out-of-state college or university, career school or registered apprenticeship program?
You can use the Tuition Units to help pay for 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. at all Texas public colleges and universities, excluding medical and dental institutions. If your child attends a medical or dental institution, private or out-of-state college or university, career school or registered apprenticeship program where 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. are not locked in, you can apply the 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 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 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. The 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 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 the units being redeemed will be the lesser of: 1) the costs the Tuition Units would pay 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.
If I move out of the state of Texas, how can I use my plan?
Account beneficiaries will still be eligible to use their Tuition Units if they or the Purchaser moves to a different state. Residency, for purposes 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. paid by the Plan, is established at the time of purchase of Tuition Units and carries through to redemption, no matter where the Beneficiary or Purchaser resides at the time of redemption. Semester hours not covered by the Plan may be charged by the institution at the out-of-state resident rate and will be the responsibility of the Purchaser or Beneficiary.