During the month of December, TNStars College Savings 529 Program promoted a scholarship giveaway contest, encouraging Tennessee families to enter their children to win four $250 weekly prizes and one $5,000 Grand Prize. The winners were randomly drawn among 1,916 entrants across the state.
"Research shows that children with a dedicated college fund are seven times more likely to attend college," Treasurer Lillard said. “We hope these scholarships will help each of you attend the college of your choice and achieve your hopes and dreams.”
All prizes will be deposited into a TNStars scholarship account. These funds can be used for the winning beneficiary’s future higher education expenses, ranging from tuition and housing to books, computers, and more.
The TNStars College Savings 529 Program was created 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 is designed to give Tennessee families high-quality investment options at a low cost to help them put aside money for higher education expenses. Tennesseans can invest directly with the program and funds can be withdrawn tax-free from a TNStars account as long as it is used for qualified higher education expenses. For more information about the TNStars College Savings 529 program, visit TNStars.com.