Tennessee’s College Savings Program Earns ‘Excellent’ Rating From Well-Known Consumer Advocate

Tuesday, July 16, 2013

TNStars College Savings 529 Program has earned an excellent rating from Saving for College LLC, a Pittsford, New York-based consumer advocacy organization that serves as a national clearinghouse for information about higher education expenses.

TNStars is a program that the Tennessee Treasury Department launched last year to give families a way of saving money for college expenses while receiving certain tax advantages. The program offers participants the opportunity to put their money into a variety of investment options, ranging from conservative to aggressive.

Money saved through the TNStars College Savings 529 Program can be withdrawn and spent tax-free on qualified higher education expenses, such as tuition, housing, books or other education-related equipment.

Saving for College LLC gave TNStars a rating of 4-1/2 out of five possible ‘caps.’ (Saving for College uses diploma caps instead of stars for its ratings system.)

According to its web site, www.savingforcollege.com, a program that earns five caps is “an excellent program with many benefits for the participant and positive investment attributes. If it has any significant weaknesses, then it also has some particularly good things to recommend it.”

The web site describes a five-cap program as “a program that offers outstanding flexibility, attractive investments and additional economic benefits (such as generous state tax incentives) that for some people, at least, will provide a substantial boost to their savings. There are few, if any weaknesses in the program.”

This is the first time TNStars has been rated by Saving for College LLC.

“I am very pleased with the rating TNStars received from Saving for College LLC,” said State Treasurer David H. Lillard, Jr. “Our staff has worked hard to create a program that provides attractive investment options at low costs. This rating confirms that TNStars on the right track. All Tennesseans who are parents or grandparents should use TNStars to save for college expenses for their loved ones to ensure them higher earnings in the workforce and a better quality of life.”

Saving for College LLC provides information used by many consumers and financial advisors.

To learn more about TNStars, call toll-free to 855-3TN-STAR (855-386-7827) or visit www.tnstars.com.


Lee University To Present Homecoming Music Festival 2014

As a part of the Lee University Homecoming activities, the School of Music will present its annual Music Festival on Saturday, Nov. 8, at 7 p.m. in the Conn Center. This year’s festival program will include familiar student ensembles Campus Choir, Chamber Strings, Evangelistic Singers, Jazz Band, Ladies of Lee, Lee Singers, Symphonic Band, Voices of Lee, and a group new to the ... (click for more)

GNTC’s Machine Tool Technology Program Sees Increase In Veteran Enrollment

Military experience provides individuals with in-depth technical experience and an aptitude for detail and consequently the Machine Tool Technology program at Georgia Northwestern Technical College is seeing more veterans enroll into the program. According to Bart Jenkins, director of the Machine Tool Technology program at GNTC, one-fourth of the students in the program on ... (click for more)

Mayor Berke, Chattanooga Police Department, And Community Members Reach Out To Group Members To End Violence

The city of Chattanooga held a call-in on Thursday night, as part of the Violence Reduction Initiative. Dozens of law enforcement officials, community members, social service providers and clergy gathered to deliver a message to over 20 members of violent groups in Chattanooga. Family members of the probationers watched the call-in from another building. Although the call-in was ... (click for more)

Tribute Service For Luther Masingill Held At Historic Engel Stadium

It took a place as big as historic Engel Stadium for Chattanooga to say goodbye to their beloved Luther. Hundreds came Thursday afternoon to pay tribute to Luther Masingill who died early Monday morning after a radio career that spanned an amazing 74 years. It was clear from all who spoke that he was considered not only a radio personality, but also a role model. One after ... (click for more)

Chairs Cost How Much?

Many times while growing up, I would go to the store with my parents. More often than not, I would see something I wanted, and ask my parents to buy it for me. More often than not, they said no. “Why?” I asked. “Son, money doesn’t grow on trees.” That’s a phrase I’m sure many of us have heard more than once over the course of our lives. However, I have since learned that they were ... (click for more)

Roy Exum: Pete Carroll’s Philosophy

Pete Carroll, the head football coach of the Seattle Seahawks, has a deep belief that he can change people by simply listening to them and then making suggestions on how they can get what they really want. If the people Carroll who can influence win, Carroll wins, and remember his team won last year’s Super Bowl with his methods.   When asked for example, here is what ... (click for more)