Comptroller Glenn Hegar today reminded Texans that the deadline to apply for Texas Match the Promise Foundation℠ scholarship awards is Dec. 31.
Match the Promise scholarship awards are available for third through ninth graders:
–who are enrolled in the Texas Tuition Promise Fund® (TTPF), the state’s prepaid college tuition plan;
–whose families have an adjusted gross income of $100,000 or less; and
–who are Texas residents and the dependents, for tax purposes, of Texas residents.
“Match the Promise scholarships reflect our belief in the importance of higher education and can help young Texans get ready for success,” Hegar said. “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.”
Applicants can use the online application system at MatchThePromise.org or download an application form to mail.* Families who do not have a TTPF account can find information about establishing one at TuitionPromise.org.**
The Match the Promise Foundation, in cooperation with the Comptroller’s office, offers these competitive matching scholarships to encourage Texas families to save for college. Approved recipients can receive matching scholarships of tuition units worth up to $2,000 at today’s prices, while top-scoring recipients also can receive a one-time grant of tuition units worth $3,000 at today’s prices. The tuition units can be used for undergraduate resident tuition and required, schoolwide fees at Texas public colleges and universities, excluding medical and dental schools.
To be considered for a scholarship, students must write a short career essay of 200 to 300 words and meet other requirements. If approved, recipients have until Aug. 31, 2024, to meet the contribution requirement of the scholarship program by contributing a minimum of $50 to the student’s TTPF contract.
The Foundation will match up to $500 of participant tuition unit purchases. Scholarship recipients with family incomes of $75,000 or less will receive a four-to-one match worth up to $2,000, and recipients with incomes of $75,001 to $100,000 will receive a two-to-one match worth up to $1,000. The 12 applicants who score the highest will each receive a one-time grant worth $3,000, which doesn’t have a matching component.
Find more information about the scholarships at MatchThePromise.org. You can also contact the Foundation via email or at 800-531-5441, ext. 3-7570, for additional information.
Match the Promise is funded by individuals who have donated all or a portion of the cash value of property claimed by them in the state’s unclaimed property program, as well as by donations from individuals, businesses and organizations and by state employees through the State Employee Charitable Campaign. The Foundation is a 501(c)(3) federal tax-exempt public charity and is eligible to receive tax-deductible contributions from Texans.
