JOIN THOUSANDS OF MINNESOTANS SAVING FOR FUTURE EDUCATION WITH A 529

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WHAT IS A 529?

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WHO CAN CONTRIBUTE?

Invest Today for a Bright Tomorrow

When you invest in a 529 education savings account for a loved one, you show them you believe in their future. With a 529, you can help them achieve their dreams with less debt. And you get tax benefits, flexible investment portfolios and great gifting options, too! 

What Are the Benefits of a 529 Plan?

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, but you don’t have to be a New Mexico resident to have an account.

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

  • Tax-Free Earnings and Withdrawals: The unique tax benefits of 529 plans help families save more for future education.
  • Wide Variety of Investment Options: Choose the investment portfolio that works for your family. Not sure where to start? We’ve got you covered with our straightforward age-based options.
  • Flexible Qualified Expenses: Use the funds in your 529 to cover a wide variety of education-related expenses, including K-12 tuition, apprenticeship programs, software and technology needs, and much more.
  • Open an account with just $1:With The Education Plan, you can start small and grow your savings at your own pace.
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"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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You Don’t Have to Do It Alone

Saving for future education can be daunting. But with Ugfit, you don’t have to do it alone. Simply activate your unique code and share it with friends and family so they can make contributions and help you save.

LEARN MORE ABOUT GIFTING

Who Can Contribute?

Anyone can open and almost anyone can be a beneficiary. 
Account Owners:
  • Must be at least 18 years old
  • Must have a valid social security number or taxpayer id number
  • Does not need to be related to the beneficiary
Beneficiaries:
  • Must have a valid social security number or taxpayer id number
  • You can name anyone as your beneficiary, and you can update the beneficiary on the account as needed
  • You can open multiple accounts for multiple beneficiaries
  • You can even name yourself as the beneficiary
Contributors:
  • Anyone can contribute to an account with The Education Plan
  • Ugift makes it easy for friends, family and others to make contributions into an account
  • Contributors are eligible for tax benefits
GET STARTED IN JUST 15 MINUTES!

MORE TO EXPLORE

VISIT THE LEARNING CENTER

FUNDING YOUR 529 WITH GIFTING

GLOSSARY OF COMMON TERMS

USING A 529 PLAN FOR K-12 EDUCATION

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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.