WE HELP FAMILIES REDUCE STUDENT LOAN DEBT AND SAVE FOR THE FUTURE.

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WHAT IS A 529?

TAX BENEFITS

LEARN ABOUT SAVING WITH A 529

What Is A 529?

529 Plans Help Families Reduce Student Loan Debt and Save for the Future.

A 529 plan is a tax-advantaged education savings plan designed to make future education more affordable for families. The Education Plan® is a 529 education savings plan sponsored by New Mexico. 

The Benefits Of A 529 Plan With The Education Plan Include:

  • Tax advantages
  • Robust gifting options
  • Flexible investment options
  • Open an account with just $1
  • Variety of uses and qualified expenses
"I have been very pleased with the service - especially the folks who answer the phone. They were professional, knowledgeable, and extremely helpful when I was getting the accounts set up and also the follow up in doing both a one time deposit as well as setting up the recurring deposits. Kudos to the staff!!"
- Tina, Flordia
"It’s simple and straightforward. Keep up the good work!"
- Anonymous
"So far I’m very pleased!"
- Jane, New Mexico
"Very easy to use!!"
- Kimberley, California
"Easy to use and share, low fees, good options"
- Casey, New Mexico
"I was so excited to make my first payment for my daughter's college out of the fund last week. What a good feeling to know that her 4 years of college are covered and she won't have any debt."
- Glenn, New Mexico
"When my son turned 2, one of my friends made a contribution to the 529 instead of a present, I thought that was pretty darn cool. It’s really a great thing that was done for me and I’m doing for my friends/family’s kids."
- Daniel, New Mexico
"I'm saving for my granddaughter's educational future. She loves school and I want to invest in her passion. She makes me very proud!"
- Elaine, New Mexico
"When our grandchildren attended college, my wife and I helped where we were able. Even with that help, debt piled up for them. Our granddaughter is now working on her masters and we are in a better position to help with her expenses through a 529 education savings plan so that she does not incur additional debt. We are determined that our great-grandchildren will not have such a burden on them when they decide to pursue a higher (and ever expensive) education."
- Roger, New Mexico
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Save on Your Taxes And Save for Future Education

Tax savings are among the biggest benefits of a 529 plan with the Education Plan. Earnings on your 529 account and withdrawals from it are not subject to federal taxes when used for qualified educational expenses. And many states make contributions tax deductible, too.

LEARN ABOUT SAVING WITH A 529 PLAN

WHAT ARE QUALIFIED EXPENSES?

FUNDING YOUR 529 WITH GIFTING

GLOSSARY OF COMMON TERMS

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Phone: 1-877-337-5268 We’re available Monday to Friday 8 a.m. to 7 p.m. MT

The Education Plan® and The Education Plan® Logo are registered trademarks of The Education Board of New Mexico used under license.

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VIEW LEGAL DISCLOSURE +

For more information about The Education Plan, call 1.877.337.5268 or view the Plan Description and Participation Agreement, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing.

Please Note: Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program. You also should consult a financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state’s 529 plan(s), or any other 529 plan, to learn more about those plan’s features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

The Education Plan is administered by The Education Trust Board of New Mexico. Ascensus College Savings Recordkeeping Services, LLC, the Program Manager, and its affiliates, have overall responsibility for the day-today operations, including investment advisory, recordkeeping and administrative services. The Education Plan’s portfolios invest in: (i) mutual funds; (ii) exchange traded funds; and/or (iii) a funding agreement issued by New York Life. Investments in The Education Plan are not insured by the FDIC. Units of the portfolios are municipal securities and the value of units will vary with market conditions.

Investment returns will vary depending upon the performance of the portfolios you choose. You could lose all or a portion of your money by investing in The Education Plan depending on market conditions. Account owners assume all investment risks as well as responsibility for any federal and state tax consequences.

Ugift is a registered service mark of Ascensus Broker Dealer Services, LLC.

The Education Plan® and The Education Plan® Logo are registered trademarks of The Education Trust Board of New Mexico used under license.

All other marks are the exclusive property of their respective owners.

Not FDIC-Insured. No Bank, State or Federal Guarantee. May Lose Value.