Generally, Tuition Units cannot be redeemed to pay directly for these courses. The Purchaser can rollover 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 https://speedycashloan.net/loans/loans-wihtout-id/ include any state-provided or procured matching contributions or earnings thereon. of the Tuition Units to a 529 Savings Plan Account, such as the Texas College Savings Plan ® . Then the Purchaser can authorize distributions from the 529 Savings Plan Account to pay for these types of junior college courses. 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.
Can I use the Plan for K-12?
The Purchaser can transfer the Transfer Value (Transfer Outside of Plan) of your Tuition Units to a qualified 529 college savings plan, such as the Texas College Savings Plan ® , and the proceeds can be used to pay for tuition in connection with enrollment or attendance at an elementary or secondary public, private or religious school as determined under applicable state law (up to $10,000 per year per Beneficiary). The Transfer Value (Transfer Outside of Plan) is limited to the lesser of (1) the costs the Tuition Unit would cover at a Texas public 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. Please note that the $10,000 limitation applies on a per-student basis, rather than a per-account basis, regardless of whether the funds are distributed from multiple 529 accounts. You can check online at texastuitionpromisefund or contact customer service at 800-445-4723, Option #5, for information about the Transfer Value of your account. Continuer la lecture de Texas junior colleges offer certain continuing education courses that are not for-credit courses
