Texas Education Code

§ 54.620 — PREPAID TUITION CONTRACT

ED § 54.620Title 3. HIGHER EDUCATION · Part A. HIGHER EDUCATION IN GENERAL · Ch. 54. TUITION AND FEES · Art. F. PREPAID HIGHER EDUCATION TUITION PROGRAM

Statute text

View on source

(a)The board may contract with a purchaser for the purchaser to prepay the tuition and required fees for a beneficiary to attend an institution of higher education or private or independent institution of higher education to which the beneficiary is admitted as a student.

(b)The terms of a prepaid tuition contract shall be based on an actuarial analysis of:

(1)the rates of increase of:

(A)tuition and required fees at institutions of higher education; or

(B)estimated average private tuition and required fees;

(2)expected investment returns;

…

Legislative history

Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995.