The Texas Guaranteed Tuition Plan was originally established as the Texas Tomorrow Fu

The Texas program, like similar programs in other states, has enjoyed wide popularity since that time. The fund works like a savings account that parents or grandparents can use to sock away money to pay for state tuition and fees at any Texas state university or college. The fund can also be transferred elsewhere if the student decides to attend college in another state. In stead of the interest that usually accumulates with an investment, the money set aside will purchase college tuition at a future date at prices locked in when the savings plan began. The earnings grow tax-free. The amount of money set aside depends on the length of time before the account is needed for tuition. State tuition for 15 credit hours at a state university like MSU cost $510 when the program began in 1997. In the fall 2003, the state tuition for the same number of hours will be $690. For more information about the Texas Guaranteed Tuition Plan, call 1-800-445-GRAD, opt. 3