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New Mexico Students Awarded 529 Account Scholarships With The Education Plan from the National Junior Honor Society

 
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The Education Plan, New Mexico’s 529 college savings plan, is proud to congratulate New Mexico students awarded the 2020 National Junior Honor Society (NJHS) Outstanding Achievement Award!

This marks the fifth year that 500 NJHS students from across the country were selected to receive $500 scholarship awards in the form of 529 accounts with The Education Plan. To date, almost $1.25 million in scholarships have been awarded to nearly 2,500 middle school students around the country.

The National Association of Secondary School Principals (NAASP) sponsors the NJHS for middle school students, and is the creator of the Outstanding Achievement Award. 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 2020

  • Alyana Cordova, Clovis, New Mexico

  • Kassandra Carrasco, Albuquerque, New Mexico

  • Graciela Rodriguez, Rio Rancho, New Mexico

  • Zachary Cruz, Rio Rancho, New Mexico

  • Ella Lent-Koop, Rio Rancho, New Mexico

"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 Ted Miller, Executive Director of The Education Trust Board of New Mexico, which administers The Education Plan. He added, "We're happy to extend these benefits to such an accomplished group of students and their families."

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 principals and other school leaders 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.

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.