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 The plan offers low investment fees and money earned on those investments may be withdrawn tax-free, provided it is used to pay for qualified  educational expenses for the account’s beneficiary.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


Ron Travis, Key Educational Leaders Seek Tennessee Promise Mentors

State Representative Ron Travis joined with key educational leaders in seeking mentors for the state’s new Tennessee Promise plan which was adopted by the legislature earlier this year. The Tennessee Promise plan allows for last dollar scholarships to community college or colleges of applied technology for Tennessee’s high school seniors. “Last dollar” means the state will ... (click for more)

UTC Computer Science, Electrical Engineering Students Participated In Maker Faire

Dr. Craig Tanis and a group of UTC computer science and electrical engineering students took the blue and gold to Maker Faire in Chattanooga, described as “the Greatest Show (and Tell) on earth.”  Families were invited to First Tennessee Pavilion where people showed what they have made and shared what they learned. Dr. Tanis, who teaches Video Game Development in the College ... (click for more)

Attorneys For Life Care Centers Of America Seek Direct Appeal On Key Issue In Federal Lawsuit

Attorneys for Life Care Centers of America are seeking a direct appeal to the Sixth Circuit Court of Appeals on a key issue in the case in which the federal government is seeking millions of dollars in reimbursements, plus treble damages, against the Cleveland, Tn.,-based firm. The attorneys want to appeal a decision by Federal Judge Sandy Mattice that would allow the testimony ... (click for more)

Couple Die In Wreck In Marion County After Vehicle Goes Off Highway In A Curve

Two people died in a wreck in Marion County late Saturday night. The victims were identified as Glenda White, 33, of Palmer, Tn., and Jeremy Braden, 28, of Gruetli Laager, Tn. Both were ejected from their vehicle. They ran off the left side of Highway 108 at a curve while going north. The vehicle went through a fence into a field, before striking a tree and then coming ... (click for more)

Frances Pope Is The Only Answer For East Ridge Mayor

The time is upon us to stand together for a change, a changing of the guard for the better.  A time to elect officials that will actually listen to all the citizens that have concerns. A time to come together to watch East Ridge grow with new development. A time to elect the people in charge of the direction the city goes. A time when community involvement is essential. ... (click for more)

Roy Exum: UT Ain’t Heard Nothing Yet!

Just moments before Florida would seal a football 10-9 victory over Tennessee in early October, the student section in Neyland Stadium stooped to a new low when it vociferously chanted, “F*** you, Florida! F*** you, Florida!” It was shocking, a loud and vulgar display of all that sportsmanship isn’t, and served as a great embarrassment to Knoxville and the university. Jimmy Cheek, ... (click for more)