Texas provides its residents several vehicles for funding college.  Perhaps the best-known method for college savings is the Texas Uniform Transfer to Minors Act (TUTMA) account.  However, in the last few years, the Guaranteed Tuition Plan (which was formerly known as the Texas Tomorrow Fund) has been a popular choice for parents and grandparents saving for college.  Texas also has a 529 Plan that is discussed below.

Last updated on January 6, 2011 by Glenn Karisch