Fewer Type I units would be required for a lower priced four-year or two-year school

If you choose Type I Tuition Units, 100 units can be redeemed to pay 30 semester hours (two 15-hour semesters) or one academic year of tuition at the most expensive Texas public college or university in the year of redemption.

They do not include course-specific fees such as equipment usage or lab fees, or fees related to your major or year of study. at a college with tuition and schoolwide required fees required feesRequired fees are only those that must be paid by all students as a condition of enrollment in the college or university. They do not include course-specific fees such as equipment usage or lab fees, or fees related to your major or year of study. equal to the Weighted Average weighted average cost»Weighted Average» is calculated according to a formula established by Texas law. The Plan will calculate two Weighted Averages: (1) A Weighted Average cost of undergraduate resident tuition and required fees for four-year public senior colleges or universities in Texas, and (2) a Weighted Average cost of undergraduate resident tuition and required fees at two-year public institutions of higher education in Texas (public junior colleges, public state colleges, and public technical institutes) paid by residents of the taxing jurisdiction of the two-year public institution. Weighted Averages are essentially the average cost of undergraduate resident tuition and required fees at these public colleges and universities in Texas (institutions) and are calculated by 1) multiplying the average amount of the institution’s undergraduate resident tuition and required fees for an academic year consisting of 30 semester credit hours by the number of full-time equivalent undergraduate resident students at the institution; 2) adding together the products computed in 1) for each institution; and 3) dividing the sum determined in 2) by the total number of full-time equivalent undergraduate resident students at all institutions. cost of tuition and schoolwide required fees required feesRequired fees are only those that must be paid by all students as a condition of enrollment in the college or university. They do not include course-specific fees such as equipment usage or lab fees, or fees related to your major or year of study. of most Texas four-year public colleges and universities, excluding medical and dental institutions. Therefore, if your Beneficiary attends a Texas public school that costs more than the weighted average cost, you will either need to use more units to cover the tuition and schoolwide required fees required feesRequired fees are only those that must be paid by all students as a condition of enrollment in the college or university. They do not include course-specific fees such as equipment usage or lab fees, or fees related to your major or year of study. or pay the difference out-of-pocket. If the school chosen costs less than the weighted average school, you will need to redeem fewer than 100 units for 30 semester hours. For more information, see the Pricing Schedule and Redemption Guide.

Can I upgrade my installment plan?

Yes, you may increase or decrease the number of Tuition Units that you want to purchase on an existing installment contract at any time during the Sales Period, with the following exception. If you want to add an installment plan to an existing contract that has no pre-existing installment plan, the new installment plan may only be added during an Enrollment Period.

If I experience financial difficulties, what can I do with my installment plan?

As noted above, you may decrease (downgrade) the number or type of Tuition Units that you want to purchase at any time. You can also cancel or terminate a contract at any time and for any reason and receive a refund. However, the value of your refund will depend on when and why you cancel the Contract. See Cancellations and Refunds for information on how refunds are calculated. Earnings on nonqualified withdrawals are subject to federal, state, and local income taxes payday loans Virginia and any applicable income tax penalties. Please refer to the Plan Description and Master Agreement for more information.