Treasury Department To Host Workshop On College Savings In Chattanooga

Monday, July 7, 2014

With the high costs of college tuition and the many different types of investment options, it is understandable that many parents feel overwhelmed about how they will pay for their children’s higher education expenses. However, a program offered by the Tennessee Treasury Department can help parents develop strategies for saving the money they will need.

This summer, the department has been hosting a series of workshops at different locations around the state to help educate people about the program. Attendees learn about the benefits of the TNStars 529 College Savings Plan, which offers them a way to save money for college while enjoying certain tax advantages.

Money earned on investments in TNStars is tax-free, provided it is used for qualified higher education expenses.

The TNStars program offers a number of different investment options, ranging from conservative to aggressive. There’s also an age-based option that features more aggressive investments when children are younger that gradually becomes more conservative as they approach college age.

“I hope many people will attend our workshops,” State Treasurer David H. Lillard, Jr. said. “Saving money for college may seem like a daunting task. However, making regular contributions to a college savings account – even if those contributions are fairly small – can make a big difference over time, particularly when you consider the income that can be earned on investments. I would also like to point out that in addition to parents, grandparents, other relatives and friends can open college savings accounts on behalf of a child.”

The remaining workshop schedule is:

·         Saturday, July 12 from 10 a.m. until noon in the Hickman Building (Room 123) at Columbia State Community College, 1665 Hampshire Pike in Columbia.

·         Saturday, July 19 from 10 a.m. until noon in the Center for Advanced Technology (Room C-30) at Chattanooga State Community College, 4501 Amnicola Highway in Chattanooga.

To register for one of the workshops online, go to: https://tntreasury.wufoo.com/forms/parent-information-session-registration/

One workshop attendee will also receive a free $25 gift certificate selected at random.


Commissioner McQueen Announces Special Task Force On Student Testing And Assessment

Education Commissioner Candice McQueen announced the formation of a special Tennessee Task Force on Student Testing and Assessment to study and identify best practices in testing at the school level and how those assessments align with required state tests. “We have heard some concerns that there is ‘too much testing’ taking place. So as education leaders and stakeholders, ... (click for more)

Cleveland City Schools Have Several Upcoming Activities

Cleveland City Schools  Board of Education Meeting  will be  Monday, March 2, 5:30 pm  at the Administrative Office Building Board Room.  For more information contact Andrea Byerly,  423-472-9571 ,  abyerly@clevelandschools.org   Cleveland High School's  6th Annual Raider Outreach Day  is  Tuesday, March 3 ... (click for more)

Tennessee Temple University To Close After Almost 70 Years

Tennessee Temple University, after almost 70 years in operation in Highland Park, is set to close after this semester. Trustees are set to vote on Tuesday morning to merge Temple with Piedmont International University of Winston-Salem, N.C. Students who are not graduating this semester would have the option to continue their education there. Bryan College in Dayton, Tn., and ... (click for more)

Brand-New Cleveland Police Chief No Longer In Charge After He Is Caught With Officer's Wife

The brand-new Cleveland Police Chief, Dennis Maddux, is no longer in charge after he was caught in his police car with the wife of one of his officers. City Manager Janice Casteel said she will temporarily lead the department. She said Cpt. Mark Gibson will be in charge of day-to-day operations. City Manager Casteel said, "Pursuant to Article Vlll Section 2 of the City ... (click for more)

Tennessee Deserves Better Health Reform

Tennessee needs health care reform. Expanding Medicaid under the Affordable Care Act, or "Obamacare," was not the best solution for Tennesseans. That is why the vast majority of Tennessee legislators never publicly supported the plan defeated in a special legislative session in February.   It is important to distinguish health care from health insurance. As one physician ... (click for more)

Roy Exum: Cameras Or Subterfuge?

State Rep. Andy Holt (R-Dresden) is an easy-to-like member of the Tennessee Legislature and the fact he is teaming with state senator Todd Gardenhire (R-Chattanooga) to rid the state of its loathsome traffic cameras is indeed a wonderful thing. The legislative action is long overdue, with the biggest winners being the out-of-state camera companies. That alone is just about all you ... (click for more)