Thursday, September 11, 2008 - 10:17 AM CDT
Dallas Business Journal
"Texas Comptroller Susan Combs this week introduced a new program designed to help parents prepay their child’s college education, while locking in current tuition rates.
The Texas Tuition Promise Fund allows parents to make flexible monthly payments toward their child’s future college expenses. Once an account is opened, parents can make minimum monthly payments of $15 toward a college plan, depending upon the age of the child and how much money they want to apply toward college.
Parents can spread out the cost of the education over longer periods of time if they start saving early.
“Starting early makes saving for college more affordable, and it also has another very important benefit,” Combs says. “Studies show that regardless of a family’s income level, the children of parents who start saving early are more likely to have higher academic achievement throughout their school years. It increases the children’s expectations of going to college and achieving their dreams.”
texastuitionpromisefund.com
11 years ago
