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Home → 529 Plans → Tennessee → Tennessee's BEST Prepaid College Tuition Plan

Tennessee's BEST Prepaid College Tuition Plan

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.

Prepaid Planx
  • Program type
    Prepaid unit / guaranteed savings
  • Enrollment period
    Closed to new enrollment as of November 22, 2010.
  • Inception
    1997
  • State agency
    Treasury Department and State Treasurer
  • Tax deduction

Ratings & Rankings

Our overall rating for TN residents

Prepaid Planx

This program is not open to you either because it has residency requirements or because it has stopped accepting new enrollments.

Our overall rating for non-residents

Prepaid Planx

This program is not open to you either because it has residency requirements or because it has stopped accepting new enrollments.

SAVING FOR COLLEGE’S 5-Cap Ratings provides an evaluation and comparison of 529 plans, utilizing a formula that examines dozens of factors grouped into the following categories.

Eligibility

State residency requirements:

Who can be a participant/owner in the program?

Significant time or age restrictions imposed by the program:

Contributions

Maximum contributions:

Minimum contributions:

Contractual Features

Current value of one unit:

Current unit price:

Are program benefits backed by the full faith and credit of the state?

Are program benefits collateralized or guaranteed in any other way?

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Fees & Expenses

Enrollment or application fee:

Taxes and other Benefits

  • Tax deduction for single filers
    None
  • Tax deduction for joint filers
    None

Note

Tennessee doesn't offer tax deductions

Program match on contributions:

State tax deduction or credit for contributions:

State tax treatment of qualified distributions:

Does the sponsoring state exclude the value of an account for state financial aid purposes?

Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?

Is there a rewards program or outside scholarship program that works with this program?

Upromise Helps Families Save for College

Statutory protection of an account from creditors:

Distributions & Terminations

To whom are distributions made payable:

Account Changes

Policy regarding participant/owner changes:

Documents, Access & Reporting

Does participant have online password-protected access to account?

Can the complete enrollment process including funding be done online?

Contact

Website:

Telephone:

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A good place to start:
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See the best 529 plans, personalized for you
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