Prepaid tuition plans allow families to prepay future college tuition and required fees at current rates. These college savings plans are normally guaranteed to increase in value at the same rate as college tuition. Families often find that investing in prepaid tuition plans is a safe, affordable and tax-exempt way to fund their children's education.

The two most common prepaid tuition plans used at The University of Texas at Austin are:

• Texas Guaranteed Tuition Plan (formerly the Texas Tomorrow Fund)
• Texas Tuition Promise Fund New!

For information and instructions on how to use your prepaid tuition plan to pay your tuition, see Third Party Billing under Tuition Adjustments on the Student Accounts Receivable web site.