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Tennessee


Tennessee's BEST Prepaid College Tuition Plan


5 Cap Ratings
(Resident Rating) (Non-Resident Rating)

Summary
Tennessee's BEST Prepaid College Tuition Plan was closed to new enrollments on November 22, 2010.

Program Details
Summary: Tennessee's BEST Prepaid College Tuition Plan was closed to new enrollments on November 22, 2010.
Program type: Prepaid unit / guaranteed savings
Enrollment period: Closed to new enrollment as of November 22, 2010.
State residency requirements: The account owner or beneficiary must be a Tennessee resident at the time of program enrollment.
Maximum contributions: Accepts contributions until all account balances in Tennessee's 529 plan for the same beneficiary reach $235,000.
Minimum contributions: With lump-sum contributions, the minimum initial contribution is one unit, and subsequent contributions can be any amount. With automatic investments from a bank account, the minimum contribution level is $25.
Current value of one unit: $81.11 from August 1, 2013 until July 31, 2014
Current unit price: Not accepting contributions or new enrollments as of November 22, 2010.
Are program benefits backed by the full faith and credit of the state? No
Are program benefits collateralized or guaranteed in any other way? No
State tax deduction or credit for contributions: Not applicable. Tennessee does not have a personal income tax.
Web site: Click here to visit
Telephone: 1-888-486-2378
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