The Education Plan® Named A Top 529 Education Savings Plan in the U.S. Maintains Perfect Scores for Both Residents and Non-Residents

For Immediate Release
Contact: Joanie Griffin

May 22, 2023 – The Education Plan®—New Mexico’s 529 education savings plan—has once again received national recognition as one of the top college savings plans in the country. The Education Plan received a perfect score (5/5) for both residents and non-residents on the list of Top-rated 529 plans for a second year in a row. The Education Plan received this designation due to its performance, costs, and reliability, among other factors, according to

“We are thrilled to maintain 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 future 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 no minimum contribution required, 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 available for contributions to the plan when funds are used for qualified expenses.

To learn more about The Education Plan, visit or call 1-877-337-5268.


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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.