Texas College Savings Plan
The Texas College Savings Plan is a comprehensive 529 plan available in Texas that helps families save for higher education expenses. One unique aspect of this plan is its partnership with the State of Texas and the Texas Prepaid Higher Education Tuition Board. The plan provides a variety of investment options, including age-based portfolios and individual fund options, allowing account holders to customize their investment strategy. It offers tax advantages, such as tax-free growth and tax-free withdrawals for qualified education expenses. Additionally, Texas residents may be eligible for a state income tax deduction for contributions made to the plan, further maximizing savings potential. The Texas College Savings Plan aims to assist families in efficiently saving for their educational goals.
EnrollState Tax Incentive
No state income tax
Program Manager
Orion Advisor Solutions, Inc.
Investment Manager(s)
Vanguard, DFA, New York Life
Plan type
Direct
Investments
Guided Investments
age-based
ESG Investments
No
Avg. expense fee
0.389%
Fee Range
0.31%-0.5215%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
31%
for TX residents
31%
non-residents
Saving For College
Unbiased, independent resource for parents.
4
for TX residents
4
non-residents
Other
Connect with Mint.com
Track your finances in one place.
No
Connect with Backer
Full end to end enrollment, gifting and plan management.
Gifting Only
Mobile app
Backer App covers this plan.
No
General Recommendation
This is a direct sold 529 plan, not rated by Morningstar.
