Outstanding New Mexico Students Awarded 529 Accounts with The Education Plan®


Outstanding New Mexico Students Awarded 529 Accounts with The Education Plan®


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We’re proud to congratulate New Mexico students awarded the 2022 National Junior Honor Society (NJHS) Outstanding Achievement Award! This marks the seventh year that 500 NJHS students from across the country were selected to receive $500 awards in the form of a 529 account with The Education Plan. To date, $1.75 million has been awarded to 3,500 middle school students around the country. The award recognizes middle school students who have demonstrated their commitment to the five pillars of the NJHS – scholarship, service, leadership, character and citizenship. The NJHS and this program are supported by the National Association of Secondary School Principals (NASSP). Congratulations to these exceptional students!

Meet Two of New Mexico’s 2022 NJHS Outstanding Achievement Award Winners

Hamsini Murali, Clovis

Hamsini is a broadly curious student whose interests span swimming, dance, and a variety of STEM subjects. Outside of classes, she loves cooking with her mom and performing in her school’s dance club. Above all, she is passionate about different species of wildlife and their natural habitats. Hamsini hopes to use this award and the funds in her 529 Plan to pursue a college education and further her dream of becoming a veterinarian or wildlife rehabilitator.

Kate Rogers, Albuquerque

From band, to track, to gymnastics, Kate is very involved with her school and extracurriculars. She hopes to go to college and have a successful career, but is keeping her options open. She is interested in potentially becoming a doctor, teacher, interior designer, or realtor. For Kate and her family, this award means that she will have a good head start on the financial means to pursue her goals, no matter what she chooses.

“The strategic partnership between NASSP and The Education Plan is based upon our shared commitment to helping middle school students realize their education goals and ease the burden of student loan debt, said Natalie Cordova, Executive Director of The Education Trust Board of New Mexico, which administers The Education Plan. She added, “We’re happy to acknowledge these outstanding students and their families.”

The costs of higher education continue to increase. A 529 college savings plan with The Education Plan is the ideal way for families to save for education costs now so there is less student debt in the future. Students can use their 529 plan to pay for a number of costs related to a traditional four-year university degree, community college, or trade school.

The Education Plan provides federal and state tax-advantages for New Mexico's families. New Mexico is one of a handful of states that currently allows a full state income tax deduction for contributions to its state administered 529 plans. Contributions grow tax-free, and future withdrawals are also tax free as long as they are used to pay for qualified expenses including tuition, room, meal plans, books, supplies, computers, and fees.

Studies show if a child has as little as $500 saved for college, a child is three times as likely to go to college and four times as likely to graduate.

For more information about The Education Plan, visit www.TheEducationPlan.com

For more information about the NJHS Outstanding Achievement Award, go to www.njhs.us/OAA.


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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.

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