May 29th is 529 Education Savings Day!

For Immediate Release
Contact: Joanie Griffin

May 29th is celebrated as 529 Education Savings Day across the United States. While saving for future education is a prime focus of many throughout the year, May 29th, 5-29- is a day solely dedicated to raising awareness about the importance of saving for future education costs and encouraging families to consider opening a 529 education savings account.

The Education Plan®, a 529 Education Savings Program, offers an easy way to save for future education expenses and alleviate the burden of future student loan debt. Money from a 529 education savings plan can not only be used for tuition at any accredited college, university, or vocational school in the nation, but also toward books, room and board, technology, and all qualified expenses. Plans remain flexible to account for a variety of life outcomes as well. From vocational education to apprenticeship expenses. The Education Plan® 529 plan is one of the most adaptable savings plans available, and there is no minimum contribution required to get started.

In addition to reducing the burden of education-related expenses, plans offer tax benefits, as well. In some states, people can deduct contributions to The Education Plan®, dollar for dollar off their state income tax return. Accounts grow tax-free and withdrawals are tax-free if used for qualified education expenses.

“We want to empower families to take control of their financial futures and invest in education–for themselves, their children, or a loved one,” said Natalia Cordova, Executive Director of the New Mexico Education Trust Board, the organization that administers The Education Plan®. “529 plans are a valuable tool for families to save for future education, and we want to ensure that all families are aware of their many flexible options. This 529 Day, we encourage everyone to look at the future and start planning now, for a stronger path to financial security and more attainable future education for their loved ones.”

To learn more about 529 education savings plans and how you can begin saving today, visit the


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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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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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Not FDIC-Insured. No Bank, State or Federal Guarantee. May Lose Value.