Glenn Hegar, the Texas Comptroller of Public Accounts, has issued a reminder that the deadline for the Texas Match the Promise Foundation℠ scholarship awards is fast approaching. In partnership with the Comptroller's office, the Match the Promise Foundation offers competitive matching scholarships to encourage Texas families to save for college education.
The Match the Promise scholarships are available to students from third grade through ninth grade who are enrolled in the Texas Tuition Promise Fund® (TTPF). Eligibility extends to families with an adjusted gross income of $100,000 or less. Both Texas residents and dependents of Texas residents, for tax purposes, can apply. Approved recipients may receive matching scholarships of tuition units valued up to $2,000. Top-scoring individuals may be eligible for a one-time grant of tuition units worth $3,000. These units cover undergraduate resident tuition and required school-wide fees at Texas public colleges and universities, excluding medical and dental schools. Applications will remain open until Dec. 15, according to a press release by the Texas Comptroller of Public Accounts.
"Match the Promise scholarships reflect our belief in the importance of higher education and can help young Texans get ready for success," said Hegar in a press release by his office. "I am honored to be able to provide this opportunity and humbled by the generosity of Texans who contribute to funding these scholarships. And this is also a chance to remind folks that the prepaid college tuition plan could be a great way to help families save for their children’s higher education."
The TTPF was established in 2007 through House Bill 3900 as part of what was then known as the Texas Tomorrow Fund II. The legislation also introduced the Texas Save and Match Program which allows prepaid units to be matched with other funds. In 2009, under guidance from Hegar's office, the Texas Match the Promise Foundation℠ was formed to execute the Save and Match Program. The program is funded by donations from Texans, including contributions through the Unclaimed Property program and individual donations, according to the Match the Promise About webpage provided by the Texas Comptroller of Public Accounts.