UT Clock tower_20090901160911_JPG

The clock tower on the campus of the University of Texas in Austin (Charlie L. Harper III/KXAN)

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Tuition refund program to change

Comptroller plan could allow college refunds

Updated: Friday, 30 Oct 2009, 8:17 PM CDT
Published : Friday, 30 Oct 2009, 8:17 PM CDT

AUSTIN (AP) - Texas Comptroller Susan Combs, in a policy reversal, will urge a state oversight board next week to keep a generous refund formula for those who want to cancel their pre-paid college tuition plans.

Combs said she'll urge the Texas Prepaid Higher Education Tuition Board on Nov. 5 to cancel new rules that would cut the value of the refunds.

The proposed cuts sparked an outcry among parents and legislators. In May, the board -- which Combs chairs -- changed the refund policy to help keep the struggling Texas Guaranteed Tuition Plan solvent.

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