1. (a) For prepaid tuition contracts issued under the junior college plan, junior/senior college plan, or senior college plan, the tuition and required fees paid pursuant to such prepaid tuition contracts shall be paid in accordance with the rates charged to Texas residents.
2. (b) For prepaid tuition contracts issued under the private college plan, tuition and required fees paid pursuant to the prepaid tuition contract shall be limited to the estimated average private tuition and required fees as determined by the board on an annual basis.
3. (c) For prepaid tuition contracts issued under the senior college, junior/senior college, or junior college plan, where tuition and required fee payments are made to Texas higher education institutions not of the plan selected, payments to the institution shall be based on a calculation of the average tuition rate of the plan selected.

Source Note:The provisions of this §7.51 adopted to be effective January 8, 1996, 20 TexReg 11124; amended to be effective December 3, 1997, 22 TexReg 11716; amended to be effective January 3, 1999, 23 TexReg 13103.