The Texas Guaranteed Tuition Plan (formerly the Texas Tomorrow Fund) is a fund administered by the Texas Prepaid Higher Education Tuition Board that gives individuals the chance to prepay tomorrow’s college tuition and required fees at Texas public and private colleges and universities at about what it would cost today. The Board invests these payments and will use the investment earnings to cover the full cost of college tuition and required fees at Texas public colleges and universities, or the estimated average private tuition and required fees at Texas private colleges and universities, for students enrolled in the program.
What does the Texas Guaranteed Tuition Plan Cover?
A prepaid tuition contract can pay up to 160 credit hours of tuition and required fees for students at any public college or university or the estimated average private tuition and required fees for students at any private university. Required fees are those fees that are charged to all students as a condition of enrollment at a particular institution of higher education.
The Texas Guaranteed Tuition Plan does not cover room and board, transportation, books, laboratory fees or other fees required for specific courses.
The fund will pay the maximum number of credit hours listed below for the type of plan purchased:
It should be noted that some degrees require more credit hours than those paid for by a Texas Guaranteed Tuition Plan contract. Likewise, some degrees or courses require specific fees that are not covered by the Texas Guaranteed Tuition Plan. In both these cases, the student will be responsible for paying any additional amount due.
While some required fees are assessed on a credit hour basis, other required fees are assessed on a per semester basis. The fund will pay for two (2) semesters of fees assessed on a semester basis for each contract year purchased. For example, if a required fee is charged on a semester basis and the contract is for four years, the Texas Guaranteed Tuition Plan will pay this fee for eight (8) semesters. Half a fee term is deducted for each summer session. No fee term is deducted for mini sessions or multiple invoices paid in the same semester.
If you are planning to pay for courses at Navarro College with the Texas Guaranteed Tuition Plan, you will need to provide the Office of Student Financial Aid a copy of both the front and back of the card provided to you by the plan.