College & Career


Tennessee's BEST Prepaid College Tuition Plan
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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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The information contained in this material and related materials ("Information") is based on information from sources believed to be accurate and reliable and every reasonable effort has been made to make the Information as complete and accurate as possible but such completeness and accuracy cannot and is not guaranteed. The reader and user of the Information should use the Information as a general guide and not as the ultimate source of information. The Information is not intended to include every possible bit of information regarding the Information but rather to complement and supplement information otherwise available and the reader and user should use the Information accordingly. The Information contains information about tax and other laws and these laws may change. The reader and user should realize that any investment involves risk and the assumptions and projections used in the Information may not be how the investments turn out. The reader and user should consult with their own tax, financial and legal advisors about all of the Information.

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