Santa Fe, NM – April 12, 2022 – The Education Plan®—New Mexico’s 529 Education Savings Program—has launched a new website with enhanced tools and resources to help parents, grandparents and individuals plan and save for future education.
“We hold true to the belief that 529 plans are for everyone, and we are working to simplify the process of saving for future education,” said Natalie Cordova, Executive Director of The Education Plan®. “Our new website assists anyone looking to save for education to learn more about the process, view their options and determine which approach is right for them.”
The resource-rich site features analysis of education costs, a glossary that defines common terms related to savings plans, a breakdown of tax benefits, a step-by-step process to set up account gifting, an overview of qualified expenses, and an interactive map to determine the 529 savings opportunities in each state, among other valuable content and tools.
With a help desk section to guide users through the process and a 529 learning center, the new website provides a comprehensive and user-friendly interface to answer commonly asked questions and provide an easy-to-understand overview of 529 plans and their benefits.
“Through our robust and interactive site, anyone interested in saving for the future can experience a guided walk through the process,” added Cordova. “And, as always, our team is on-hand to answer any questions current and future savers may have. Our goal is to make the process of saving for education as easy, accessible and stress-free as possible.”
A 529 education savings plan is a tax-advantaged account designed to help pay for future education expenses. Accounts with The Education Plan® can be opened for as little as $1 and funds can be used for qualified expenses at any college, university, trade or vocational school in the nation. Funds saved in a 529 plan can be used to pay for tuition and a variety of qualified education expenses, such as room and board, books, computers and software.