The Education Plan Launches New Website, New Tools to Help Plan for Education Savings

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

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.
 

 

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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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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.

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