Tennessee 529 College Savings Plan

About: The TNStars College Savings 529 Program is the Tennessee 529 college savings program, a program that is designed to make college savings easy. The program offers parents and other relatives a low-cost way to save for children’s college expenses with attractive investment options and special tax advantages.

The Tennessee 529 college savings program is administered by the Tennessee Treasury Department. It features an age-based option, individual investment options with underlying funds from a range of fund companies including Vanguard, DFA, and Primecap, and an interest bearing account option with First Tennessee Bank.

Website: http://tnstars.com/

Phone #: 855-386-7827

Investment Options: An age-based option offers five age bands. Contributions are placed into the portfolio corresponding to the beneficiary’s age and automatically shift to a more conservative portfolio over time. They also have14 individual options investing in Vanguard, DFA, or Primecap funds, or an interest bearing account option with First Tennessee Bank National Association. Investments are managed by Vanguard and DFA in the age-based option; Vanguard, DFA, and Primecap in the individual options

Tax Benefits: Under the Tennessee Investments Preparing Scholars Program, eligible families can receive a matching contribution of $100 for a minimum $25 investment, or $500 for a minimum $125 investment. Families can reapply each year, up to a $1,500 maximum benefit per child.

State Residency Requirements: No state residency is required to participate in Tennessee 529 College Savings Plans.

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