Tennessee's BEST Prepaid College Tuition Plan is no longer available
Click here to see other Tennessee 529 plans.
Tennessee's BEST Prepaid College Tuition Plan was closed to new enrollments on November 22, 2010 and the plan was terminated on November 30, 2015. All accounts were closed and assets were refunded or rolled into another 529 savings plan without a penalty. Tennessee residents may invest in the TNStars College Savings 529 Program.
- Program typePrepaid unit / guaranteed savings
- Enrollment periodClosed to new enrollment as of November 22, 2010.
- Inception1997
- State agencyTreasury Department and State Treasurer
- Tax deduction
Investment Options
Investors in Tennessee's BEST Prepaid College Tuition Plan can select from the following investment options. Click on a portfolio name for more information.
Sometimes referred to as the enrollment-based option, this is an investment approach where your asset allocation is programmed to change over time. Accounts for young beneficiaries are invested aggressively and accounts for beneficiaries with college right around the corner are invested much more conservatively. In some 529 plans, the age-based option operates by automatically transferring your investment from one static portfolio to another at certain points in time. Others utilize lifecycle funds or employ lifecycle-type tactics within the portfolio containing your investment so that it is not necessary to transfer your investment between portfolios.
