Tennessee college savings program giving scholarships

Friday, December 4, 2015, Vol. 39, No. 49

NASHVILLE (AP) — State officials say nearly 700 families have entered Tennessee's college savings $10,000 scholarship giveway.

This month, 10 kids in Tennessee will win a $1,000 college scholarship into a TNStars account, just for entering online.

The TNStars College Savings 529 Program is designed to give Tennessee families investment options at a low cost to help them put aside money for higher education expenses.

Tennesseans can invest directly with the program and money can be withdrawn tax-free from a TNStars account as long as it is used for qualified post-secondary education expenses.

Tennessee residents age 21 and older can enter to win on behalf of a child now through Dec. 27. One entry is good for the entire contest period.

To enter the scholarship giveaway or to learn more, visit http://TNStars.com .