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Whether your account will affect your child’s eligibility for federal financial aid depends on who the Purchaser is and your child’s relation to the Purchaser. Also, laws related to federal student aid change frequently. You should check the latest information on the Department of Education’s website at fafsa, particularly the Federal Student Aid Handbook, to see how you should report your account on your child’s Free Application for Federal Student Aid ( FAFSA ). For Texas state-funded financial aid, Texas law provides that the value of your Tuition Units may not be considered assets, income, or resources in determining eligibility for Texas state-funded student financial aid.

Do I need to tell my child’s Texas public college or university that I am using the Texas Tuition Promise Fund? Continue reading “Generally, Tuition Units can be redeemed to pay for undergraduate for-credit courses, including courses offered in certificate programs” →