College savings made easy.
Recognizing the need for a highly skilled workforce and the role that higher education plays in achieving that goal, the State of Tennessee has developed the TNStars College Savings 529 Program, a program of the Tennessee Treasury Department.
The TNStars College Savings 529 Program is Tennessee’s own 529 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 plan offers an age-based track where the allocation becomes more conservative as the child approaches college. The plan also offers individual investment options including both domestic and international equities, balanced fund options, fixed income options, and an FDIC insured option. The underlying funds for each of the options are from a range of Fund Companies including Vanguard, DFA, Primecap, Maxim and First Tennessee Bank. The program offers the products at a competitive fee of 35 basis points.