TGTP
- Company typePrivate
- Founded1996
- HeadquartersAustin, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
TGTP firmographics
Firmographics- Name
- TGTP
- Legal name
- Texas Guaranteed Tuition Plan
- Website
- https://tgtp.org
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Where TGTP is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
TGTP business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Others, Marketing or Sales
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | Junior College Plan - Up to 64 credit hours of tuition and required fees at public junior/community colleges |
| One time/ perpetual license | Multi-year contract | Senior College Plan - Up to 160 credit hours of tuition and required fees at public senior colleges/universities |
| One time/ perpetual license | Multi-year contract | Junior-Senior College Plan - Up to 128 total credit hours (64 at junior college + 64 at senior college) |
| One time/ perpetual license | Multi-year contract | Private College Plan - Up to 160 credit hours at private institutions |
| Other | Monthly | Administrative Fee Schedule |
Distribution channels1 record
Marketing channels5 records
TGTP product offering
Product offeringCore offering
TGTP is a state-administered prepaid tuition program that allows Texas families to lock in today's college tuition and required fee rates for future use at Texas public and private colleges and universities. Contracts are purchased via installment or lump-sum payments, measured in credit hours rather than dollar value, and benefits are paid directly to participating colleges on behalf of designated student beneficiaries. The program is constitutionally guaranteed by the full faith and credit of the State of Texas and is closed to new enrollment but continues to serve existing contract holders through an online account portal and direct administration.
Product overview
The Texas Guaranteed Tuition Plan (TGTP) is a constitutionally-backed prepaid tuition program offering four distinct contract types: the Junior College Plan (64 credit hours at community colleges), the Senior College Plan (160 credit hours at public universities), the Junior-Senior College Plan (128 combined hours), and the Private College Plan (160 credit hours at private institutions). The plan is closed to new enrollment but continues to serve existing contract holders through an online account access portal. All contracts are measured by credit hours rather than dollar value, and benefits can be used at any accredited Texas public or private college or university, with out-of-state usage also supported.
Differentiator
Problem solved
Functional benefit
Products and services
- Junior College Plan Prepaid tuition contract covering up to 64 credit hours of tuition and schoolwide required fees at any public junior, community, or technical college in Texas, including Texas State Technical Colleges. Available to purchasers who enrolled before the plan closed to new contracts.
- Senior College Plan Prepaid tuition contract covering up to 160 credit hours of tuition and schoolwide required fees at any public senior college or university in Texas. Available to purchasers who enrolled before the plan closed to new contracts.
- Junior-Senior College Plan Prepaid tuition contract covering up to 64 credit hours at any public junior, community, or technical college in Texas plus up to 64 credit hours at any public senior college or university in Texas, for a total of 128 credit hours. Available to purchasers who enrolled before the plan closed to new contracts.
- Private College Plan Prepaid tuition contract covering the estimated average private tuition and schoolwide required fees for up to 160 credit hours at a private or independent institution of higher education or career school in Texas. If actual tuition exceeds the average, the beneficiary pays the difference. Available to purchasers who enrolled before the plan closed to new contracts.
- Online Account Access Portal Secure web-based self-service portal at secure.texastomorrowfunds.org allowing contract holders to view account balances, cancellation status, payment information, distribution history, and enrollment verification letters, and to update contact information. Beneficiaries gain access one year prior to projected high school graduation date.
Quantifiable outcome
- Tuition inflation protection of 7.6% to 23% annually
- +3 more outcomes
Companies that use TGTP
Customer profileSegments3 records
Ideal customer profiles3 records
TGTP technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
TGTP partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Texas Public and Private Colleges and UniversitiescoreAll accredited Texas public and private junior/community colleges, senior colleges and universities participate in TGTP. Schools bill TGTP directly for tuition and required fees on behalf of beneficiaries. Most schools pre-credit student accounts pending receipt of TGTP payment.
Scale indicators7 records
Recent moves5 records
Expansion highlights3 records
TGTP competitors and assessment
Company assessmentDirect peers
- Washington State GET (Guaranteed Education Tuition): Washington GET is a state-administered prepaid tuition plan, also closed to new enrollment, offering units that lock in current tuition prices. It mirrors TGTP in product structure (unit/credit-hour based), state guarantee, and run-off operating status.
- Michigan Education Trust (MET): Michigan Education Trust is a state-sponsored prepaid tuition program administered under Michigan statute. It directly compares to TGTP as a state-level prepaid tuition product with multiple contract types and similar beneficiary transferability provisions.
- Pennsylvania 529 Guaranteed Savings Plan: Pennsylvania's GSP is a state-administered prepaid tuition plan guaranteeing a defined level of tuition coverage. It is comparable to TGTP in operating model (state sponsor, IRC 529, tuition-lock guarantee) and beneficiary use cases.
- Florida Prepaid College Board: Florida Prepaid College Board administers the Florida Prepaid College Plan, a state-backed prepaid tuition plan offering university, college, and 2+2 plans. It is the most direct comparable to TGTP as a state-administered, IRC Section 529 prepaid tuition program with similar constitutional/statutory backing and credit-hour-based contracts.
- Mississippi Prepaid Affordable College Tuition (MPACT): Mississippi MPACT is a state-administered prepaid tuition trust offering prepaid contracts at Mississippi public universities and colleges. It is a direct comparable to TGTP in plan mechanics and beneficiary focus.
- Illinois Prepaid Tuition Program: College Illinois! is a state-sponsored prepaid tuition program offering contract-based tuition prepayment for Illinois public universities. It directly parallels TGTP in structure, target audience, and product offering.
Broad incumbents
- Bright Start (Illinois 529): Bright Start is Illinois's 529 college savings plan administered by the state treasurer. It is comparable to TGTP as a state-administered higher-education savings vehicle serving the same end beneficiary, although structured as a market-based savings plan rather than a tuition-lock guarantee.
- ScholarShare 529 (California): California's ScholarShare 529 is a state-sponsored 529 college savings plan managed by TIAA. It is a broad incumbent in the same 529 space as TGTP, serving a comparable higher-education savings use case, though structured as a savings investment vehicle rather than a prepaid tuition plan.
- Texas College Savings Plan: Administered by the same Texas Comptroller's office as TGTP, this is a 529 savings plan (not prepaid) serving Texas families. It is comparable as the broader Texas 529 ecosystem incumbent where new families are directed since TGTP closed to new enrollment.
Others
- College Savings Plans Network: College Savings Plans Network is an industry association representing 529 college savings and prepaid tuition programs, including TGTP. It is an ecosystem/industry-body peer that supports the broader market in which TGTP operates.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
TGTP social profiles
Digital presenceTGTP financial estimates
Financial estimateRevenue estimate
Valuation estimate
TGTP leadership team
Management profileNumber of profiles
Profiles4 records
TGTP funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TGTP M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TGTP
What does TGTP do?
TGTP is a state-administered prepaid tuition program that allows Texas families to lock in today's college tuition and required fee rates for future use at Texas public and private colleges and universities. Contracts are purchased via installment or lump-sum payments, measured in credit hours rather than dollar value, and benefits are paid directly to participating colleges on behalf of designated student beneficiaries. The program is constitutionally guaranteed by the full faith and credit of the State of Texas and is closed to new enrollment but continues to serve existing contract holders through an online account portal and direct administration.
Is TGTP a public or private company?
TGTP is a private company. It is classified as state government owned and is currently operating.
When was TGTP founded?
TGTP was founded in 1996. It employs 1 to 10 people.
Where is TGTP based?
TGTP is headquartered in Austin, United States, in the North America region.
Who are TGTP's main competitors?
Direct peers on record are Washington State GET (Guaranteed Education Tuition), Michigan Education Trust (MET), Pennsylvania 529 Guaranteed Savings Plan, Florida Prepaid College Board, Mississippi Prepaid Affordable College Tuition (MPACT) and Illinois Prepaid Tuition Program. Broad incumbents are Bright Start (Illinois 529), ScholarShare 529 (California) and Texas College Savings Plan. College Savings Plans Network is listed as an others.
Does TGTP have an API?
No public API is recorded for TGTP.