529 Plans Can Be an Invaluable Tool for Future Education Savings

For Immediate Release
Contact: Joanie Griffin

According to Forbes and statistics from the National Center for Education Statistics (NCES), college graduates consistently have more employment prospects and make an average of 63% higher annual earnings compared to those without a higher education degree. Recognizing this correlation between education and success, The Education Plan® highlights the instrumental role that 529 plans play in future success and the importance of saving early. Even with just $500 saved, research shows, a student is three times more likely to attend college and four times more likely to graduate than those without any savings.

In the journey toward a successful future, investing in education is paramount. With the rise of inflation comes increases in the cost of living, educational resources, and the need for higher salaries. The Education Plan® 529 education savings plan is a vital tool for families aspiring to provide their children with the best education options. A 529 plan is a tax-advantaged education savings plan designed to make future education more affordable, setting the stage for students to reach their full potential.

"Preparing for the future means taking actionable steps toward education and career goals," emphasized Natalie Cordova, Executive Director of the Education Trust Board of New Mexico, the organization that administers The Education Plan. "As the economic outlook continues to focus on rising prices across the board, preparing families to obtain higher salaries later in life is an investment that can pay off for years to come."

The versatility of 529 plans allows families the flexibility to contribute what they can and save for a wide range of qualified expenses, including:

  • Tuition and fees
  • Books and supplies
  • Room and board
  • Educational special needs services
  • K-12 tuition (up to $10,000 per year)
  • Apprenticeship expenses
  • Student loan repayment (up to $10,000)

Cordova continued, "529 plans empower individuals to take control of their future career paths by lessening financial worries and maximizing opportunities. The financial security provided by a well-planned education is immeasurable."

The Education Plan also provides essential tools and resources necessary to navigate the complexities of education financing, helping families make better informed decisions about future educational costs and savings options. Many online tools, including a glossary of terms, tax benefit information, a detailed FAQ, and a help center allow people to access information when needed at TheEducationPlan.com.


The Education Trust Board is the governing body for the New Mexico 529 education savings programs. A 529 education savings plan is a tax-advantaged account designed to help you pay for future education expenses. The State of New Mexico sponsors two plans: a direct-sold plan (The Education Plan) and an advisor-sold plan (Scholars Edge).

To learn more about the New Mexico 529 Education Savings Program, visit nmetb.org.


For Media Inquiries

Use the form below to contact our team.



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

Privacy & Cookie Policy

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


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.