Texas Tomorrow Fund

[taco]

I remember a thread back and it seemed like everyone picked 529 instead of the new Texas Tomorrow Fund which is closing today.

We have a 2 month old so we have time to decide what to choose.

My question is what is everyones recommendations now.
Seems like a good time to start a 529 for an infant or is better to go with the locked in Texas Tomorrow?

 

[MilkmanDan]

I purchased 100 hours through the Tuition Promise fund. There were enough options to transfer beneficiaries or to another state that I felt it was a reasonable enough gamble.

I plan on setting up a separate 529 to cover the shortfall and non-reimbursable costs from the fund (housing, books, etc).

It's definitely a good time to get started. Time is on your side.

 

[726]

Read the fine print: Texas Tuition Promise Fund is a 529, just one managed by someone else (Oppenheimer). The actual Texas Tomorrow Fund closed several years ago (vastly underestimated inflation in tuition costs).

We're in the TTPF and contracted for 400 Type 1 Units for each of our two children, and pay monthly on one and annually on the other. But now the messiah is promising "free" college for everyone.

 

[MilkmanDan]

In reply to:

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[pied2]

We got our first kid(now 8) ni on the first go round. Paid it off before her first day of kindergarten.

The second kid is now two, and we have not done anything. The cost this time is now double of big sister's. yikes.

 

[Tom Anderson]

726...what sort of interest rate are you paying on the installments?