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 The plan offers low investment fees and money earned on those investments may be withdrawn tax-free, provided it is used to pay for qualified  educational expenses for the account’s beneficiary.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


Graves Installed As 7th GPS Head

"My name is Autumn Joy Adkins Graves, and I am the seventh head of Girls Preparatory School in Chattanooga, Tennessee, and I proudly proclaim – I will lead like a girl!"  With those words at the conclusion of her installation as GPS’s Head of School, the audience of friends, family, faculty, trustees, parents, alumnae, and students rose to their feet and offered their heartfelt ... (click for more)

Dalton State Magazine: A Glimpse Into Campus Life

Jacob Southern turned to two things to help him cope with struggles growing up: fishing and God. After becoming a student at Dalton State, he added conservation biology to that list.    Set to graduate in December, mr. Southern is making great strides in undergraduate research, all while finding himself as a young adult. His story is told in the latest edition of the ... (click for more)

Bradley, 24, Charged In Death Of 3-Year-Old Boy At Soddy Daisy

Justin Dale Bradley has been charged with criminal homicide in the death of a three-year-old child, who was rushed to the hospital on Wednesday and later died. Authorities said Bradley, 24, is the boyfriend of the child's mother. The mother earlier took out an order of protection against Bradley, and he was arrested for violating the order. The Hamilton County Sheriff’s ... (click for more)

Shooting Of 15-Year-Old Began As Argument Between Teens

According to police, the Tuesday night shooting of a juvenile on Taylor Street started as an argument between the two young men. Terry Marshell Smith Jr., 19, was arrested the following day. Police said the former Hixson High School student shot the juvenile in the shoulder after their argument and then fled the scene.  According to police, Smith admitted to the shooting. ... (click for more)

Better Plan For Walnut Street Hotel

Mitch Patel and his Vision Hospitality Group have unveiled a revised plan for a hotel on Walnut Street. It is much better than the one proposed two years ago. By having no curb cuts on Walnut Street, it makes that special block near the bridge more inviting and safer for pedestrians. Deliveries would be off Riverfront Parkway and hotel access (valet parking) would be off Aquarium ... (click for more)

Thanks For Making The Southern Brewers Festival A Success

Now that the dust has settled I'd like to thank Chattanooga for supporting the Southern Brewers Festival and making it yet another very successful event.    For those who do not know - the SBF benefits the Chattanooga chapter of Kids on the Block and the Chattanooga Community Kitchen.  As a partner helping the SBF with volunteers, sponsorships and the overall production ... (click for more)