You can check online at texastuitionpromisefund or contact customer service at 800-445-4723, Option #5, for information about the Transfer Value of your account
The Purchaser can transfer the Transfer Value (Transfer Outside of Plan) of your Tuition Units to a qualified 529 college savings plan, such as the Texas College Savings Plan , and the proceeds can be used to pay up to $10,000 in amounts paid as principal or interest on qualified student loans of the Beneficiary and/or their sibling. The Transfer Value is limited to the lesser of (1) the costs the Tuition Unit would cover at a Texas public college or university or (2) the original purchase price of the Tuition Unit plus or minus the Plan’s net investment earnings or losses on that amount. Please note that the $10,000 limitation applies on a per-student basis, rather than a per-account basis, with a lifetime limit of up to $10,000 per Beneficiary regardless of whether the funds are distributed from multiple 529 accounts. Continue reading “A qualified student loan means a qualified education loan under Section 221(d) of the Internal Revenue Code”