One of the most meaningful gifts you can give a child is a bright future, and few things are as empowering to children as an education. However, the cost of college is climbing each year. Last school year, college tuition rose 3.6% for 4-year private, nonprofit institutions and 2.9% for 4-year public, in-state institutions. The total cost of 1 year, including room and board, averaged $43,921 for a private, nonprofit school and $19,548 for a public, in-state school.* Saving with TNStars can help free that special child in your life from the burden of loans.
In the same way that compounding interest over a long period of time can significantly increase your savings, repaying interest on a loan over a long period of time can significantly increase debt – debt that college graduates often have a difficult time repaying with an entry-level salary.
For example, if you save $23,400 (or $25 a week) with TNStars over 18 years that could add up to $42,000 for college. A child who borrows that same $42,000 could end up repaying almost $60,000.
*The College Board, "Trends in College Pricing 2015."
With TNStars You Can Choose To:
Open an account for a niece, nephew, grandchild, godchild, or a friend’s child
- Gift to an existing an account. If that special child in your life already has a TNStars account, you can contribute directly to it either online or by mail. Once you contribute to the account, you can print a gift certificate to take with you if you’re attending a baby shower, birthday party or other special event.
Enjoy special tax advantages by creating an educational legacy for your family.