The Tennessee State Treasury Department operates a direct-sold multi-manager 529 plan, TNStars College Savings 529 Program. The unit-type prepaid tuition program for Tennessee residents was closed to new contributions in November 2010.
See additional details on the Tennessee plans by clicking on the links below.
Tennessee 529 Tax Benefit
Consumer plans fall under three categories: direct-sold, unit-type prepaid, and contract-type prepaid.
529 plans allow investors to purchase directly from the plan manager. You will have to rely on your own research to identify your best options, or you can hire a fee-based financial planner.
Direct-sold 529 plans are approved and monitored by each state and are managed by professional investment firms. There are no sales charges with these plans.
Unit-type prepaid plans allow you to buy 'units' of tuition which may equate to credits or hours.
Contract-type prepaid plans can be purchased to cover between 1 to 5 years of future tuition either on a lump sum or installment basis.
The TNStars College Savings 529 Program is administered by the Tennessee Treasury Department. It features an age-based option and individual investment options with underlying funds from Vanguard, PrimeCap, DoubleLine, and Western Asset.
529 ABLE accounts allow americans living with disabilities to save money for college and other expenses in a tax-deferred account without affecting their eligibility to receive medicaid, supplemental security income or other public benefits.
ABLE TN is administered by the Tennessee Department of Treasury and is a savings program designed to help individuals with disabilities put aside money to pay for qualified expenses. These accounts provide the opportunity to save and invest, with tax-free earnings, to help participants maintain independence and quality of life....