Texas Comptroller Susan Combs said today she will ask the Texas Prepaid Higher Education Tuition Board to hold off on changes in the way people can get refunds from the Texas Tomorrow Fund.
In December 2009, the state’s prepaid tuition program, the Texas Guaranteed Tuition Plan (TGTP), will change the way it allows enrollees to collect refunds on canceled contracts.
The Better Business Bureau has a saying: If it sounds too good to be true, it probably is. The phrase is directed at con artists intent on ripping off consumers, but it unfortunately also applies to a noble but ill fated cause the government of Texas became involved in.
Some states canceled their tax holidays this year, including Florida and Illinois. But in Texas, state comptroller Susan Combs said the expected uptick in spending will offset the loss of sales tax revenue. The state's main source of revenue is sales tax, she said.
As much as $2.1 billion of your state tax dollars in the near future will be spent to pay the college tuition and fees for about 119,000 Texas children.
A Web site called Get a Life helps middle-schoolers answer the question, “What do you want to be when you grow up?” The Web site is new from Texas Comptroller Susan Combs.