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Three New Mexico Students Win 529 College Savings Scholarship
Each year, the National Junior Honor Society (NJHS) presents Outstanding Achievement Awards to 500 of the highest achieving middle school students nationwide. More than one million students participate in NJHS from all 50 states, U.S. territories, and around the world.
New Mexico’s three winners this year include Kaleeya Englant and Theresa Robertson, both from Clovis, and Olivia Pacheco, from Rio Rancho. As award winners, each student received a $500 contribution in their names to a 529 savings account administered by The Education Plan, an investment that will help them pay for tuition, room and board, and other higher education expenses. Studies show that youth with as little as $500 in college savings are three times as likely to go to college and four times as likely to graduate. Contributions to 529 accounts grow tax-free and ease the burden of loan debt.
We sat down with Kaleeya, Theresa and Olivia to learn what having a 529 account with The Education Plan means to them, and what they see in their futures.