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Fri September 25, 2009
Full Refund For Prepaid Tuition
By KRWG News
Texas – The deadline has been extended by one month for those who invested in the state prepaid college tuition program seeking full refunds.
The previous deadline was Oct. 30 for people who paid into the Texas Guaranteed Tuition Plan to request full refunds. The new deadline is Nov. 30.
The Fort Worth Star-Telegram reports letters went on Thursday to investors. A large number of inquiries prompted the extension by the Texas comptroller's office.
After Nov. 30, people who paid into the Texas Guaranteed Tuition Plan will receive only the money they put into the plan if they request a refund. They will not get any earnings, no matter how long their money had been invested. Fees will be deducted from their refund.
Some legislators have challenged the moneysaving decision.
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Information from: Fort Worth Star-Telegram, http://www.star-telegram.com
Copyright 2009 The Associated Press.