Still time to enter TNStars $5,000 holiday scholarship giveaway
In the spirit of the season, the TNStars College Savings 529 Program is giving one Tennessee child a $5,000 scholarship awarded into a TNStars account, and there’s still time to enter, the state Treasury Department announced.
For the third consecutive year, Tennessee residents age 21 and older can enter to win at TNStars.com/Holiday through Dec. 31 on behalf of a child, age 10 or younger.
One entry is good for the entire contest period. The $5,000 prize can be used by the winning beneficiary to cover future post-secondary education expenses ranging from tuition and housing to books, computers, and more.
“We are very proud that Tennessee’s own college savings program has already helped more than 21,000 children prepare for the future costs of higher education,” said state Treasurer David H. Lillard Jr. “With TNStars, you can put the power of compounding interest to work for you to help grow savings along with your child. Without savings, compounding interest can work against you by growing the amount of debt your child would have by taking out student loans.”
TNStars is designed to give Tennessee families investment options at a low cost to help them put aside money for higher education expenses. Families can invest directly with the program and money can be withdrawn tax-free from a TNStars account as long as it is used for qualified post-secondary education expenses.
The two previous Holiday Scholarship winners were Ashlyn Gunter, 10, of Dayton, in 2020, and Abigail Berry, 10, of Kingsport, in 2019, the Treasury Department said.