| (26) Tuition--The charges imposed by a general academic
teaching institution, two-year institution of higher education, private
or independent institution of higher education, medical and dental
unit, career school, or accredited out-of-state institution of higher
education, on undergraduates as a condition of enrollment, which are
identified by such institution as tuition.
(27) Tuition unit--A portion of the cost of undergraduate
resident tuition and required fees that may be prepaid, whose assigned
value, when used to pay the cost of tuition and required fees at an
eligible educational institution, is equal to:
(A) for a Type I tuition unit, one percent of the cost
of undergraduate resident tuition and required fees for one academic
year consisting of 30 semester hours charged by the general academic
teaching institution with the highest such tuition and fee costs for
the academic year in which the unit is redeemed, determined as provided
by Education Code, §54.753(d);
(B) for a Type II tuition unit, one percent of the
weighted average cost of undergraduate resident tuition and required
fees for one academic year consisting of 30 semester hours charged
by general academic teaching institutions for the academic year in
which the unit is redeemed, determined as provided by Education Code, §54.753(e);
or
(C) for a Type III tuition unit, one percent of the
weighted average cost of undergraduate resident tuition and required
fees for one academic year consisting of 30 semester hours charged
by two-year institutions of higher education for the academic year
in which the unit is redeemed, determined as provided by Education
Code, §54.753(f).
(28) Two-year institution of higher education--A public
junior college, a public state college, and a public technical institute,
as those terms are defined in Education Code, §61.003.
(29) Weighted average--Has the meaning:
(A) for Type II tuition units, a weighted average cost
for undergraduate resident tuition and required fees of general academic
teaching institutions for the applicable academic year, computed by
the method specified in Education Code, §54.753(e); and
(B) for Type III tuition units, a weighted average
cost for undergraduate resident tuition and required fees of two-year
institutions of higher education for the applicable academic year,
computed by the method specified in Education Code, §54.753(f).
|
| Source Note: The provisions of this §7.122 adopted to be effective August 27, 2008, 33 TexReg 6957; amended to be effective September 21, 2010, 35 TexReg 8503; amended to be effective April 5, 2020, 45 TexReg 2317 |
