Making a List and Checking It Twice!
Apply for a Matching Scholarship.
Fifth through ninth graders who are enrolled in the Texas Tuition Promise Fund® and whose families have an annual income of $100,000 or less may apply now through Dec. 31, 2020, for Match the Promise scholarships.*
The Texas Match the Promise Foundation℠ encourages families to save for college by supplementing their contributions to the Texas Tuition Promise Fund — the state's prepaid college tuition plan. Families who do not currently have a Promise Fund account can find information about establishing one at our website.
Approved recipients can receive matching scholarships of tuition units worth up to $1,000 at today's prices. Top-scoring recipients can also receive a one-time grant of tuition units worth $2,000 at today's prices.
To be considered for a Match the Promise scholarship, students must write a career essay and meet other requirements. If approved, recipients will have until Aug. 31, 2021, to meet the contribution requirement of the scholarship program by contributing a minimum of $100 to the student’s Promise Fund account.
*Residency restrictions, eligibility criteria and minimum contribution requirements apply.
Participation in the Texas Tuition Promise Fund does not guarantee admission to or graduation from any college or university. Only the purchaser may direct rollovers, contract changes, withdrawals and changes in the designated beneficiary.
Purchasers should carefully consider the risks, administrative fees, service and other charges and expenses associated with the contracts, including Plan termination and decreased transfer or refund value. Transfer value applies to tuition redemption at Texas private colleges and universities, out-of-state colleges and universities, medical and dental schools and career schools. Match the Promise Foundation scholarships can only be used at Texas public colleges and universities, and transfer value cannot be utilized. Transfer value is limited to the lesser of (1) the costs the Tuition Unit would cover at a public college or university or (2) the original purchase price of the Tuition Unit plus or minus the Plan’s net investment earnings or losses on that amount. Orion Advisor Solutions, Inc., serves as plan manager of the Plan. The Plan Description and Master Agreement contains this and other information about the Plan and may be obtained by visiting TuitionPromise.org or calling 800-445-GRAD (4723), option #5. Purchasers should read these documents carefully before purchasing a contract.
Contracts in the Plan are not deposits or other obligations of any depository institution. Neither a contract nor any return paid with a refund is insured or guaranteed by the FDIC, the state of Texas, the Texas Prepaid Higher Education Tuition Board, any other state or federal governmental agency or Orion Advisor Solutions, Inc., or its affiliates. The contracts have not been registered with the U.S. Securities and Exchange Commission or with any state.
Non-residents of Texas should consider whether their home state, or the beneficiary’s home state, offers its residents any state 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 529 plan.