TNStars College Savings ‘Double Your Money’ Offer Extended

Thursday, January 3, 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 The plan offers low investment fees and money earned on those investments may be withdrawn tax-free, provided it is used to pay for qualified  educational expenses for the account’s beneficiary.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."


3 New Bus Stops Added Around Highway 58 For Sequoyah High School

Sequoyah High School located at 9517 W. Ridge Trail Road in Soddy Daisy will now offer 3 new bus stops around the Highway 58 area. The stops are located at Snow Hill Road, Central High School and Hillcrest Elementary. Check their website for information about the school at sequoyahhigh.com .  (click for more)

Old Trees In Front Of UTK University Center Cut Down

The University of Tennessee campus in Knoxville has been undergoing some brick-and-mortar changes in recent months, but it recently bid farewell to some old arboreal landmarks as well. A number of the trees that had sat in front of the University Center for several decades have been cut down in recent days. It is part of the demolition efforts that have also begun to raze the ... (click for more)

Bradley County Commission Rejects 10-Cent Tax Rise For Lake Forest MS; Firefighters Get $3,000 Raise

With a small crowd of demonstrators sitting in the back of the room with signs that read, “Vote no on property tax increase,” the Bradley County Commission on Monday night finally rejected a proposed 10-cent property tax increase that would have added funds to the construction of a new academic building at Lake Forest Middle School.   Funding for renovations at ... (click for more)

11 Attorneys Apply In 2nd Round For Replacing Judge Stern

Eleven attorneys have applied in the second round of applications to replace Rebecca Stern as judge of Criminal Court's Division II. The applicants are: Christian J. Coder Chattanooga Tracy Cox Signal Mountain Amanda B. Dunn Chattanooga Ardena Juanita Garth Chattanooga Thomas Clifton Greenholtz Ooltewah Andrea DeFay Hayduk ... (click for more)

Could The Marriage Decision Spark A New Independence Day?

I confess that this year I am having a hard time with the idea of celebrating the 4th of July Independence Day. It is not because I am not thankful to God for what was done on that day, what it represents, and the blessings I’ve experienced that flow from it. On the other hand, I want to think that maybe this year’s celebration will mark a period in our history in which a new movement ... (click for more)

Roy Exum: The Hay Fields Of July

Oh my goodness, July has just arrived and during my formative years, it was the most hated month of the year. When I was 12 years old, my wonderful grandfather decreed the days of begging for money to go to the picture show and burgers at the Krystal were over, that I was on the payroll for a dollar an hour and, in our family, folks worked for what they spent. Now my grandfather, ... (click for more)