- Program Description BEST Prepaid Plan Participant Information
The Board for the Baccalaureate Education System Trust (BEST) convened on August 20, 2015. The Board voted to terminate the BEST Prepaid Plan on November 30, 2015 in accordance with Tenn. Code Ann. 49-7-823.
The action by the Board will NOT impact funds currently available in BEST customer accounts or the ability of the program to make timely payments through normal operating procedures. However, the action by the Board does require action by BEST customers to register to confirm the status of the beneficiary. If you are a BEST customer, click on the link below to register:
The Baccalaureate Education System Trust (BEST) was created by the Tennessee General Assembly for the purpose of providing Tennessee
families with a means to save for their children's future college education costs.
As a Qualified Tuition Program under Section 529 of the Internal Revenue Code, withdrawals are federal income tax-free for college expenses such as tuition, books, some room and board expenses, and equipment and supplies required for attendance or enrollment at an eligible educational institution.
The Board for the Baccalaureate Education System Trust (BEST) recently convened to set the unit payout value for the upcoming 2015-2016 academic year. The new unit payout value is $88.48 from August 1, 2015 through July 31, 2016. All units redeemed during this period will be paid out at the $88.48 per unit payout value, which is one percent of the Weighted Average Tuition (WAT) for the 2015-2016 academic year.