State touts college savings program tutorial - WSMV Channel 4

State touts college savings program tutorial

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NASHVILLE, Tenn. (AP) - State Treasurer David H. Lillard Jr. has presented the Anderson County school system with a $2,000 check for getting parents to complete an online tutorial about the importance of saving for college.

School officials received the money in exchange for getting parents of children who attend their schools to participate in the tutorial.

The tutorial provides information about the TNStars 529 College Savings Program.

People who open accounts with TNStars can choose from different investment options ranging from conservative to aggressive. Taxes are not paid on investment earnings as long as that money is used for qualified higher education expenses.

The promotion with Anderson County schools was part of a pilot project that the state Treasury Department plans to offer at other school systems across the state.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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