Saturday, March 21, 2015

Texas comptroller urges lawmakers to shore up depleted college fund - Lauren McGaughy, Houston Chronicle

If state lawmakers don't find hundreds of millions of dollars in the next four years to prop up the Texas Tomorrow Fund, a prepaid college tuition program that is running out of money, they will default on their constitutional duties, says Comptroller Glenn Hegar. "It's incumbent upon me it didn't get lost in the shuffle," Hegar said, who wrote recently to top state officials about the issue. "I think they all realize it's something that we have to tend to." The fund was created in 1997 and allowed parents to prepay a child's tuition at then-current rates.

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