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Financial Aid in the News

Texas: Unpopular Policy on Prepaid-Tuition Refunds Likely to be Reversed (Fort Worth Star Telegram)

"Texas Comptroller Susan Combs, under pressure from lawmakers, announced Friday that she will recommend dropping plans to slash refunds to parents and others who invested in a state prepaid-college-tuition program," the Fort Worth Star Telegram reports. "Combs' decision would reverse an unpopular policy adopted in May under which people who paid into the Texas Guaranteed Tuition Plan would receive only the money they put into the plan if they requested a refund. Under that policy, they would not receive earnings, no matter how long their money had been invested. Combs' latest recommendation is expected to be approved by the Texas Prepaid Higher Education Tuition Board when it meets Thursday. The Republican comptroller heads the board."

You can read the complete Nov. 30, 2009 Fort Worth Star Telegram article on-line.

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