529 Education Savings Plans - The Gift That Keeps on Giving

For Immediate Release
Contact: Joanie Griffin

SANTA FE, NM - With the holiday season upon us, parents and grandparents may be searching for the perfect gift for loved ones. By gifting money to a 529 Education Savings Plan, family members can make a positive financial impact in a loved one’s life. The Education Plan® 529 Education Savings Plan is a tax-advantaged savings account that pays for future education expenses at accredited colleges, universities, trade schools, and professional schools throughout the United States.

According to Investopedia, holiday spending is expected to grow 6% to 8% over 2021 due to inflation. Instead of buying a common material gift, opting to invest in a loved one’s future education can provide a lasting, meaningful gift well beyond the season. A person can contribute a recurring or one-time amount into a 529 account, and the funds can be used for one’s own future education or that of a loved one.

“The holiday season is often a time when we select gifts that will impact and brighten up a loved one’s life,” said Natalie Cordova, Executive Director of Education Trust Board of New Mexico, the organization that administers The Education Plan®. “With rising tuition costs and increased career opportunities linked to higher education, contributing to a college savings plan account is one of the most meaningful gifts you can give. For those who save early in their child or grandchild’s life, funds have the opportunity to grow over time through compounding; however, it’s never too late to start saving. We encourage everyone to start a new tradition this holiday season of contributing to future education expenses – truly the gift that keeps on giving.”

To learn more about The Education Plan®, visit TheEducationPlan.com or call 1(877) 337-5268.


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

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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.