New Mexico Students Awarded 529 Account Awards with The Education Plan® from the National Junior Honor Society

For Immediate Release
Contact: Joanie Griffin
505.261.4444
jgriffin@sunny505.com

MAY 31, 2022 - The Education Plan®, New Mexico’s 529 college savings plan, is proud to congratulate New Mexico students awarded the 2022 National Junior Honor Society (NJHS) Outstanding Achievement Award! The NJHS and this program are supported by the National Association of Secondary School Principals (NASSP). 

This marks the seventh year that 500 NJHS students from across the country were selected to receive $500 awards in the form of 529 accounts with The Education Plan. To date, $1.75 million in awards have 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.

New Mexico NJHS OAA Winners 2022

  • Kate Rogers, Albuquerque 

  • Hamsini Murali, Clovis 

  • Giovanni Martinez,  Albuquerque

“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 such an accomplished group of students and their families.”

“We’re excited to support middle school students in reaching their higher-education goals,” said NASSP Chief Engagement Officer, Aman Dhanda. "These outstanding middle level student leaders are investing their time, talent, and love of service to make their schools and communities stronger. It’s a privilege to invest in their futures and dreams through this recognition program."

The costs of higher education continue to increase. A 529 college savings 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 education savings plan to pay for a traditional four-year university degree, community college, or trade school.

The Education Plan provides many federal and state tax-advantages for New Mexico's families. New Mexico is just one of four states allowing a full state income tax deduction for contributions to the 529 Plan. 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 family 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 NJHS Outstanding Achievement Award, go to www.njhs.us/OAA

About NASSP
The National Association of Secondary School Principals (NASSP) is the leading organization of and voice for middle level and high school principals across the United States. NASSP seeks to transform education through school leadership, recognizing that the fulfillment of each student’s potential relies on great leaders in every school committed to the success of each student. Reflecting its long-standing commitment to student leadership development, NASSP administers the National Honor Society, National Junior Honor Society, National Elementary Honor Society, and National Student Council.

 

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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.

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