“Families will find that when it comes to planning for their children’s future education, starting early is key and every little bit adds up.”
Texas Insider Report: AUSTIN, Texas – Today is "529 College Savings Day," and Texas Comptroller Glenn Hegar is encouraging families to save for their children’s higher education expenses using the state’s 529 college plans.
“529 Day is a good reminder that now is the perfect time to start saving for college with a 529 plan or even contributing to an existing account,” said Comptroller Hegar.
“Families will find that when it comes to planning for their children’s future education, starting early is key and every little bit adds up.”Texas offers several tax-advantaged 529 plans, which are known as "529 Plans" because they are authorized by Section 529 of the Internal Revenue Code:
- the Texas College Savings Plan® (TCSP) and the LoneStar 529 Plan® (LS529), both college savings plans, and
- the Texas Tuition Promise Fund® (TTPF), a prepaid college tuition plan
The college savings plans may be used to pay for qualified education expenses at schools nationwide and even at some foreign schools. The college savings plans are open for enrollment year round.
The TTPF-Texas Tuition Promise Fund® helps families lock in today’s rates for all or some future undergraduate resident tuition and schoolwide required fees at any two- or four-year Texas public college or university, excluding medical and dental schools.
- TTPF newborn enrollment is available through July 31st to lock in 2024-25 prices for children younger than 1 year of age; and
- general enrollment begins on Sept. 1st, with new contract prices for the 2025-26 academic year.
For more information about the Texas 529 plans, visit SaveNowForCollege.org or call 800-445-GRAD (4723). Select Option 3 for the Texas College Savings Plan, Option 4 for the LoneStar 529 Plan or Option 5 for the Texas Tuition Promise Fund.
Texas residency requirements apply.
