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

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.

Copyright Associated Press, Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Comments (Login Not Required)
  • Most Popular Headlines

Site Tools