The Education Plan® Named A Top 529 Education Savings Plan in the U.S.
19 May 2022 - 5:00PM
The Education Plan®—New Mexico’s 529 education savings plan—has
received national recognition as one of the top college savings
plans in the country. Receiving a perfect score (5/5) for both
residents and non-residents on
the SavingForCollege.com list of Top-rated Direct-sold
529 plans, The Education Plan® received this designation due to its
performance, costs, and reliability, among other factors.
“We are thrilled to receive perfect scores for both residents
and non-residents,” said Natalie Cordova, Executive Director of the
Education Trust Board of New Mexico, the state agency that
administers The Education Plan®. “Being named among the top-rated
529 plans in the nation is an honor, as our goal is to make
education savings a reality for all. We know that higher education
can help to provide a more successful future for students, and
we’re continually working toward our mission of making
post-secondary education attainable for all through our top ranked
education savings plans.”
The Education Plan® can be used at vocational or trade
schools, professional schools, colleges and universities for
qualified education expenses, including tuition, housing, meal
plans, books, supplies, computers and fees.
Accounts can be opened with as little as $1, and family and
friends can give gift contributions to the account. The Education
Plan® is a tax-advantaged savings plan. The money invested in the
529 grows tax-free and withdrawals are tax-free when used to pay
for qualified education expenses. Many states also offer deductions
on state income tax for contributions to a 529 plan. For New Mexico
residents there is a state income tax deduction for the full amount
of any contributions to the plan.
To learn more about The Education Plan®,
visit TheEducationPlan.com or
call 1-877-337-5268.
Joanie Griffin
The Education Plan
505-261-4444
jgriffin@sunny505.com