With the TIPS program, you may be eligible for a 4-to-1 match!
To receive the full $500 match for this qualifying period, apply and contribute at least $125 now through June 30, 2024.
The Tennessee Investments Preparing Scholars (TIPS) program was created to encourage families of qualifying income levels to save for the growing costs associated with post secondary education.
Join us virtually for a one hour session to learn how the Tennessee Investments Preparing Scholars (TIPS) program can match your savings 4-to-1!
A program of the Tennessee Treasury Department, TIPS is a matching grant program offering incentives to participate in the TNStars® College Savings 529 Program to Tennessee residents meeting certain household income requirements.
When a qualifying family establishes a TNStars® account and enrolls a beneficiary in the TIPS program, the state will provide a 4-to-1 matching contribution.
That’s $100 for every $25 contributed by the account holder. Beneficiaries can receive a match of $500 per year, with a lifetime maximum match of $1,500.
If you are a Tennessee resident and your income does not exceed the limits below, you may qualify for a 4-to-1 match for college savings. Persons in a family or household:
Each additional person, add: $12,850
*The TIPS program income limits are based on 250% of federal poverty guidelines. Beginning on January 1, 2024 through June 30, 2024, TIPS applicants may use either the 2022 tax return or the 2023 tax return with the TIPS program application.
Open a TNStars account Apply For TIPS
Know someone who could benefit from the TIPS 4-to-1 matching grant, or just want to keep some additional information on hand for your own use? Use the button below to download our TIPS Reference Guide!
Download the TIPS Reference Guide
Use the following forms and documents to learn more, apply for, and manage your TIPS program account.The Qualifying Period is August 1, 2023 – June 30, 2024. Applications will be processed during this time. Rollover of TIPS matching grant funds is not permitted. Also, if funds in the correlating TNStars account are rolled over to another plan, the balance in the TNStars account should not become less than the balance in the TIPS accounts. Otherwise, the amount in the TIPS account that exceeds the balance in the TNStars account will be forfeited.
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