- Family Member
A member of the family of a beneficiary includes the beneficiary’s spouse, the beneficiary’s child or descendant of the beneficiary’s child, the beneficiary’s brother, sister, stepbrother or stepsister, the beneficiary’s father or mother or an ancestor of the beneficiary’s father or mother, the beneficiary’s niece or nephew, the beneficiary’s aunt or uncle, the beneficiary’s son-in-law, daughter-in-law, father-in-law, mother- in-law, brother-in-law or sister-in law, the spouse of one of these family members, or a first cousin of the beneficiary. See also: Beneficiary.
- Federal Deposit Insurance Corporation (FDIC)
The FDIC provides insurance for bank deposits in U.S. banks, protecting them against bank failure.
- Financial Aid
Financial aid is money to help a student pay for college costs. Financial aid includes scholarships, grants, work/study and loans. These can be referred to as gift aid if they do not need to be earned or repaid.
- Financial Professional
A financial professional provides financial advice, information and financial products to clients. Financial professionals are typically registered with the SEC and/or state securities regulators.
- Fixed-Income Fund
A fixed-income fund is a bond fund.
- Funding Agreement
Under a funding agreement, assets are deposited with the funding agreement provider, and principal and a rate of interest are guaranteed to the depositor by the provider.
Now there's an even easier way to access and manage your account with The Education Plan: the Ready Save 529 mobile app.
Now there's an even easier way to access and manage your account with The Education Plan: the Ready Save 529 mobile app.
SIGN UP FOR OUR NEWSLETTER
FOLLOW US
ON SOCIAL MEDIA
The Education Plan® and The Education Plan® Logo are registered trademarks of The Education Trust Board of New Mexico used under license.
Accessibility, Privacy & Cookie Policy (opens in new tab)
View the Plan Description and Participation Agreement (PDF opens in new tab)