[Correction] Apply Through Dec. 31!

[EIN News] [Correction] Apply Through Dec. 31!

TEXAS, November 18 - Note: You may have received the message below in error on Nov. 17. That message was intended only for purchasers of Texas Tuition Promise Fund® contracts, but it was inadvertently sent to a wider audience than intended. We apologize for any confusion it may have caused, and we invite you to look into this scholarship opportunity if it is applicable to your family's situation.

Your loved one will be thankful you saved with the Texas Tuition Promise Fund®. Apply now for a unique scholarship opportunity.

The Texas Match the Promise Foundation℠ is accepting scholarship applications from eligible third through ninth graders who are enrolled in the Texas Tuition Promise Fund® (TTPF) and whose families have an annual income of $100,000 or less.

Approved recipients can receive matching scholarships of tuition units worth up to $2,000 at today's prices. Top-scoring recipients can also receive a one-time grant of tuition units worth $3,000 at today’s prices.

Match the Promise scholarships encourage families to save for college by supplementing their contributions to TTPF — the state's prepaid college tuition plan. The scholarships are awarded in the form of TTPF tuition units and can be used for undergraduate resident tuition and schoolwide required fees at Texas public colleges and universities, excluding medical and dental institutions.

Apply Now Through Dec. 31

Applicants can apply online for Match the Promise scholarships or download an application form to mail in. Applications will be accepted through Dec. 31, 2022.* Families may also enroll in TTPF during this time if they haven't already done so.**

To be considered for a scholarship, students must write a career essay and meet other requirements. If approved, families will have until Aug. 31, 2023, to meet the contribution requirement of the scholarship program by contributing a minimum of $50 to the student’s TTPF account.

The Foundation will match up to $500 of participant tuition unit purchases, with family incomes of $75,000 or less receiving a four-to-one match worth up to $2,000 and family incomes of $75,001 to $100,000 receiving a two-to-one match worth up to $1,000. The twelve applicants who score the highest will receive a one-time grant worth $3,000, which doesn’t have a matching component.

Find more information at MatchThePromise.org. You can also contact us via email or at 800-531-5441, ext. 3-7570, for additional information.

* Residency restrictions, eligibility criteria, and minimum contribution requirements apply. ** Residency restrictions apply.

The Texas Tuition Promise Fund® (“Fund”) is administered by the Texas Prepaid Higher Education Tuition Board (“Board”). Orion Advisor Solutions, Inc. is the plan manager of the Fund. The Fund and the Board do not provide legal, financial, or tax advice and you should consult a legal, financial, or tax advisor before participating.

Non-residents of Texas should consider whether their home state, or the beneficiary’s home state, offers its residents any tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for participants in that state’s plan.

Participation in the Fund does not guarantee admission to or graduation from any college or university. Only the purchaser may direct redemptions, withdrawals, changes in beneficiary, or other contract changes.

You may lose money by participating in the Fund. No part of a contract is a deposit or obligation of, or is guaranteed or insured by, the Board, the state of Texas, or any agency or agent thereof. The contracts have not been registered with or approved by the SEC or any state. Purchasers should carefully consider the risks, fees, charges, and expenses associated with contracts, including Fund termination and reduced Transfer or Refund Value. Transfer Value applies to redemptions at Texas private colleges and universities, out-of-state colleges and universities, medical and dental schools, career schools, and registered apprenticeship programs and is the lesser of: (1) the costs the units would cover at a Texas public college or university; or (2) the original purchase price of the units plus or minus net investment earnings or losses on that amount. Texas Match the Promise FoundationSM scholarships can only be used at Texas public colleges and universities, and any Transfer Value of a Match the Promise Foundation scholarship account cannot be utilized. The Plan Description and Master Agreement contain this and other information about the Fund and may be obtained by visiting TexasTuitionPromiseFund.com or calling 800-445-GRAD (4723), option 5. Purchasers should read the Plan Description and Master Agreement, and all other Fund documents carefully before purchasing a contract.

© 2022 Texas Prepaid Higher Education Tuition Board. “Texas Tuition Promise Fund” is a registered service mark of the Texas Prepaid Higher Education Tuition Board. All rights reserved.

Source: EIN News