Texas Prepaid Tuition Plan Backs Off Refund Policy

Thanks to a widespread parent uproar, the Texas Prepaid Tuition Plan has backed off their new and controversial refund policy. Under the policy, refunds tied to a voluntary cancellation of the plan would not be credited the annual return (increases in tuition) accrued under the plan.

Of course, for many parents who opted for the Texas Prepaid Tuition Plan over other Section 529 savings plans, a denial of access to their earnings is beyond absurd.

To learn more, visit the Texas Prepaid tuition plan website, where they provide explanations of both the old policy and the new (rejected) policy.