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Money saved through the TNStars College Savings 529 Program can be withdrawn and spent tax-free on qualified higher education expenses, such as tuition, housing, books or other education-related equipment.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


Chattanooga State's Nursing And Allied Health Programs Offer Monthly Information Sessions

The Nursing and Allied Health Programs at Chattanooga State offer monthly information sessions for students interested in health care careers. Most sessions last one hour and are not mandatory, but strongly recommended. The following programs require mandatory attendance: Radiologic Technology, EMS, Health Information Management and Dental Assisting. Program ... (click for more)

Piedmont College Singers In Concert On March 2

The Piedmont College Singers, a select 44-voice chorus from Piedmont College in Demorest, Ga, will be performing at Pilgrim Congregational Church on Monday, March 2, at 7 p.m. as part of their spring tour. The concert is free and open to the public.  The choral group is led by Dr. C. Wallace Hinson, conductor. "This select ensemble performs a wide variety of literature from ... (click for more)

Council Will Consider 7 Applicants For 11th Judicial District Opening On April 9

Seven attorneys have applied for the Hamilton County Criminal Court judge position that will become vacant on  June 1,  upon the retirement of Judge Rebecca Stern. The Governor’s Council for Judicial Appointments will meet in Chattanooga on  April 9  to consider these applicants: Johnny D. Houston, Jr. Chattanooga D. Marty Lasley ... (click for more)

Case Against Red Bank Officer In Beating Of Hispanic Man To Go To Grand Jury

The Hamilton County District Attorney General’s Office has reviewed the Tennessee Bureau of Investigation report regarding Red Bank Police Officer Mark Kaylor and the case will be submitted for consideration by the Hamilton County Grand Jury next week, District Attorney Neal Pinkston. Officer Kaylor was seen on his squad car dash-cam hitting an Hispanic man seven times while ... (click for more)

Chattanooga Has Always Been A Battleground Between Good And Evil

From the thousands slain in nearby Chickamauga Battlefield during the Civil War…  To the launching point of the Cherokee Indian’s Trail of Tears…  To the lunch counter sit-ins led by Howard School students — the only high school student sit-ins in the nation — during the Civil Rights Movement…  To Walter Cronkite calling the polluted Southern industrial town ... (click for more)

Roy Exum: Our 92-Year-Old Victim

It is with great pride, and far greater relief, that I can report a “caretaker” is far different than a “boyfriend.” A story out of Memphis earlier this week morphed into a virtual fireball that had such power it appeared on the front page on a London newspaper and other news outlets all around the world when it was reported by the Associated Press a 28-year-old man had assaulted ... (click for more)