TNStars gives Tennesseans $25 to automate college savings
NASHVILLE – September is College Savings Month in Tennessee, and the TNStars College Savings Program is kicking it off with an incentive for Tennesseans to save for the future education of each special child in their lives.
Sept. 1 through Oct. 31, Tennesseans who open a new TNStars account and set up a monthly recurring contribution of $25 or more can get an extra $25 incentive from TNStars. Existing account owners who establish a new recurring contribution or increase their existing recurring contribution by at least $25, will receive an extra $25 in their TNStars account.
“We are excited to share an incentive for all Tennessee families,” said State Treasurer David H. Lillard, Jr. “Whether you are opening an account for the first time or have been saving for a while, you can benefit from this incentive. By encouraging families to start saving automatically, TNStars can help families meet their needs for the costs of future education.”
TNStars makes the $25 incentive easy for all Tennesseans to take advantage of. Here’s how it works:
- Start a monthly recurring contribution of $25 or more for your TNStars account or increase an existing recurring contribution by at least $25 between Sept. 1 and Oct. 31, 2023, and receive a one-time $25 deposited into your TNStars account.
- New and existing TNStars account owners, who are Tennessee residents, are eligible for the incentive.
- The new or updated recurring contribution must occur by Dec. 6 to receive the $25, which will be applied as a contribution to the qualifying account after Dec. 15. See the Official Rules.
To qualify for the incentive, or for more information on the program, visit TNStars.com/Get25.
The TNStars College Savings 529 Program is designed to encourage Tennessee families to save and invest for the future cost of higher education in a tax-advantaged way. Families can open an account with as little as $25 to start. TNStars has helped Tennessee families save more than $300 million for college in over 25,000 accounts.
TNStars is designed to give families high-quality investment options at a low cost. Families can invest directly with the program and money can be withdrawn tax-free from a TNStars account as long as it is used for qualified post-secondary education expenses.