College & Career

Tennessee

Tennessee's BEST Prepaid College Tuition Plan
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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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