The Texas College Savings Plan is a tax-advantaged 529 college savings plan designed to help families and individuals nationwide save for qualified higher education expenses. All U.S. citizens and permanent resident aliens 18 years of age or older can open and contribute to a Texas College Savings Plan account.
Account: A savings trust account established by an Account Owner pursuant to the Savings Trust Agreement for purposes of investing in one or more portfolios. Accounts are part of the Plan and are held in the name of the Plan on behalf of and for the benefit of the Account Owners and the Beneficiaries. can also be established by a corporation, partnership or trust; a state or local government, or tax-exempt organization described in Section 501(c)(3) of the Internal Revenue Code; or a custodian under a UGMA/ UTMA account.
The Texas Prepaid Higher Education Tuition Board administers the Plan: The Texas College Savings Plan, which is a 529 plan. , and Orion Advisor Solutions, Inc. is the Plan manager. For more information on the Plan, call us at 800-445-GRAD (4723), option #3.