» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 127 | NO. 183 | Wednesday, September 19, 2012

Tennessee Announces New College Savings Plan

LUCAS L. JOHNSON II | Associated Press

Print | Front Page | Email this story | Comments ()

NASHVILLE (AP) – Tennessee has a new college savings plan officials hope will help students afford a higher education.

Gov. Bill Haslam and several state officials announced the "TNStars College Savings 529 Program" on Tuesday.

Under the program, Tennesseans who open accounts with at least $50 will receive a one-time $50 match from the state. Those who roll over their account balances from other 529 college savings plans, including the state's prepaid plan, will get $100.

The program also has other benefits, such as federal tax-free earnings if the money is used for higher education expenses.

About four years ago, the state partnered with Georgia to start a college savings plan. The new one is specific to Tennessee.

Haslam praised the plan as a "great opportunity for Tennesseans who want to attend college."

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 153 14,870
MORTGAGES 64 144 19,474
FORECLOSURE NOTICES 0 22 3,817
BUILDING PERMITS 217 359 35,689
BANKRUPTCIES 59 121 14,155
BUSINESS LICENSES 24 86 5,077
UTILITY CONNECTIONS 71 170 21,603
MARRIAGE LICENSES 22 59 4,616

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.