Planning for college is an expensive thought whether you’ve got a newborn, toddler or teenager. For 2018, tuition and fees at the University of Texas at Austin were $10,398 for Texas residents and $36,744 for out-of-state undergraduate students. While there are many account types that can be used to pay for higher education, 529 plans offer the most flexibility, freedom and savings when paying for college. As a financial planner in Austin, TX, college planning is an important consideration for families.