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Financial Aid in the News

Texas: Lawmakers Urge Reversal on Guaranteed Tuition Plan Refunds (Fort Worth Star Telegram)

"State legislators are pressuring Texas Comptroller Susan Combs to drop plans to slash refunds to parents and others who invested in a state prepaid college tuition program," the Fort Worth Star Telegram reports. "After Oct. 30, people who paid into the Texas Guaranteed Tuition Plan will receive only the money they put into the plan if they request a refund. They will not receive any earnings, no matter how long their money had been invested. And fees will be deducted from their refund. On Tuesday, state Sen. Jane Nelson, R-Flower Mound, sent a letter to Combs, saying she strongly objects to the decision by the Texas Prepaid Higher Education Tuition Board. Last week, 43 Democratic state representatives signed a letter to Combs that calls on the board to 'immediately reconsider its action.' Combs leads the board, which oversees the tuition plan."

You can read the complete Sept. 23, 2009 Fort Worth Star Telegram article on-line.

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