Back-to-school time and September’s “College Savings Month” are always great reminders that it is never too late to late to get started on putting Tennessee kids on the right path to college.

That’s also why the State of Tennessee has formed a new partnership with Georgia to endorse the tax-advantaged Path2College 529 Plan offered by the state of Georgia to provide Tennessee parents, grandparents and others a proven way to save for the future costs of college tuition with no sign-up or third-party sales fees. The Path2College 529 Plan has a low annual asset based management fee ranging from 0.51 to 0.75.

Accounts can be opened online with as little as $25, and any earnings in the Path2College 529 Plan are federal income tax-exempt and can be used for tuition, room and board, books, fees and other qualified college expenses at any accredited college or university in the country. The plan offers seven investment options, low annual asset-based fees, and participants can arrange for automatic contributions for their accounts to be drawn directly from a bank account or through payroll deductions (if offered by their employer).

The Path2College 529 Plan, which is managed by TIAA-CREF Tuition Financing, Inc., already has more than $630 million in assets and more than 97,000 accounts. This includes almost 4,000 accounts owned by Tennessee residents who are already investing for their children’s college education with the Path2College 529 Plan.

For more information or to open your new Path2College 529 Plan account, visit: www.path2college529.com or call (877) 424-4377.