(NASHVILLE) May 14, 2018 – As National 529 College Savings Day is approaching on May 29th, Senator Dolores Gresham (R-Somerville) encourages families to sign up for TNStars College Savings 529 plan, which incentivizes families to participate early in a 529 college savings fund for their children. To celebrate National 529 College Savings Day, TNStars is giving away a family four-pack of tickets to a top summer destination in Tennessee for signing up for TNStars by May 28th.
“I want to encourage all families to take advantage of the tremendous opportunity TNStars provides for college savings plans,” said Senator Gresham, who sponsored the legislation to launch the program. “It is designed to give Tennessee families high quality investment options at low costs to help them pay for education and receive tax advantages.”
All families who open accounts with TNStars can receive up to $375 in incentives. Some families will also qualify for a four-to-one match of up to $1,500 per child. Funds and extra incentives saved in a TNStars account can be used not only for post-secondary education tuition and fees, but also for related expenses including room and board, textbooks and supplies.
In 2015, this fund was recognized as the top direct-sold plan in the nation by SavingForCollege.org, which analyzes the investment performance figures for thousands of 529 savings plan portfolios across the nation. The fund is managed by the Tennessee Department of Treasury.
“This investment plan is part of our goal to graduate more students from college by helping them and their parents prepare financially for expenses not covered by scholarships. Dollars invested in this program are yielding strong returns, and even small amounts of money invested early will better prepare Tennessee children for education after high school.”
Research shows that children with a college savings account are six to seven times more likely to attend a four-year college, compared to children with no dedicated account.
To register for the TNStars 529 College Savings Plan and qualify to win four tickers to Dollywood, Adventure Science Center, Tennessee Aquarium, Memphis Zoo and more, visit TNStars.com/529day by May 28th.