TNStars College Savings ‘Double Your Money’ Offer Extended

Thursday, January 03, 2013

The Tennessee Treasury Department is extending a promotion that allows Tennessee residents who sign up for the state’s TNStars College Savings 529 Program to receive a $50 match for the first $50 they invest in the program. The matching funds promotion will be available through June 30.

TNStars is a cost effective, easy way for Tennesseans to start saving for their children’s or grandchildren’s college education. The Tennessee Treasury Department estimates that college tuition and fees are rising by at least seven percent per year. So saving is not an option - it’s a must, officials said.

TNStars is a college savings plan created by Tennesseans, administered by Tennesseans, for Tennesseans that allows participants to choose from 15 investment options, ranging from conservative to aggressive. The plan offers low investment fees and money earned on those investments may be withdrawn tax-free, provided it is used to pay for qualified  educational expenses for the account’s beneficiary. In fact, the funds can be used at thousands of public or private universities, community colleges, technology centers, vocational schools and any post-secondary institution that is eligible to receive U.S. Department of Education student loan funds.

An account can be established for as little as $25, but Tennessee residents who invest $50 or more will each receive $50 in matching funds from the state deposited into their accounts. In addition to the $50 match, Tennessee residents who roll over their entire account balances to TNStars from other states’ 529 college savings programs or Tennessee’s prepaid tuition program will each receive $100 in incentive funds deposited into their TNStars accounts.

Officials said, "More than 1,000 Tennesseans have opened accounts - so don’t be left out. The $50 match and the $100 rollover incentive are some of the keys to help your child or grandchild get the education and training needed for the 21st Century Tennessee specialized workforce."

“This is an easy way people can double their money while investing,” Treasurer David H. Lillard, Jr. said. “I hope this will give Tennesseans the encouragement they need to start accounts with TNStars on behalf of their children, grandchildren, other relatives or family friends. If account holders will commit to saving even small amounts of money on a regular basis, that will add up over time. And providing the money needed to attend college can help our children build better futures - both for themselves and for our state.”

Anyone interested in learning more about TNStars may visit www.TNStars.com or call toll-free to 855 386-7827.

Officials said, "Consider all investment objectives, risks, charges, and expenses before investing in the Tennessee Stars College Savings 529 program. Please visit www.TNStars.com or call toll-free at 855 386-7827 for a Disclosure Booklet containing this and other information. Read it carefully. Non-Tennessee taxpayers and residents: If you are not a Tennessee taxpayer, you should determine whether your home state offers a 529 plan that provides state tax or other benefits not available to you by investing in this program. You should consider such state tax or other benefits, if any, before investing in this program."


UTC Student, Robert Fisher, Earns Prestigious National Scholarship Recognition

Robert Fisher, a Brock Scholar and Student Government Association president at The University of Tennessee at Chattanooga, has been named a 2014 Truman Scholar by the Harry S. Truman Scholarship Foundation. Mr. Fisher plans to earn his undergraduate degree in political science in May 2015. He is the fourth student in the school’s history to be named a Truman Scholar. “Robert ... (click for more)

East Ridge High School Class Of 1974, 1978 And 1979 To Hold Reunions

The East Ridge High School Class of 1974 is having their 40th reunion Sept. 20 at the Chattanoogan on Broad Street.    For more information please go to the website  Eastridge74.com .  East Ridge High School Class of 1978 and 1979 and Friends is planning their upcoming 35th year reunion on July 26 at the Chattanooga Convention Center and an Alumni Picnic ... (click for more)

Haslam Signs Bill Ending Forced Annexation And Giving Tennesseans Right To Vote

Governor Bill Haslam signed HB 2371/SB2464 on Wednesday. The law ends forced annexations and gives Tennesseans the right to vote. The law now requires cities to annex by consent of the landowner or through referendum approved by a majority of the landowners to be annexed. As an additional protection to farmers, land primarily used for agriculture purposes may not be annexed by any ... (click for more)

One Of "Worst Of The Worst" Gets 10-Month Federal Sentence

One of the men labeled as the "worst of the worst" in a Chattanooga roundup was sentenced Tuesday to 10 months and three years supervised release after he pled guilty to one count of conspiracy to distribute crack cocaine. Guy Wilkerson told Federal Judge Sandy Mattice, "I'm just a young father and I want the best for my kids." He said he apologized and that he knew what he ... (click for more)

Time For Tennessee To Act On Climate This Earth Day - And Response

Tennessee will join the rest of the southeast region, the nation and countries across the world in celebrating Earth Day on April 22. The entire month of April is a great time to reflect on the strides we have made to reduce pollution over the last 44 years, and assess current environmental conditions while evaluating our personal responsibility to a cleaner environment.  ... (click for more)

Roy Exum: Why Jim Coppinger Excels

Jim Coppinger, who as the mayor of Hamilton County has understandably had to grow some thick skin, wants no part of the repulsive billboards now seen around town that ask, “Do you have gonorrhea?”  His Tuesday morning telephone call revealed he is just as disgusted as the rest of us who see them showing a picture of a forlorn African-American male. “You need to know the Hamilton ... (click for more)