What's New:

Legislation makes certain 529 benefits permanent
An important legislative update regarding 529 College Savings Plans.

Turn a Dream into a Degree®

Before you know it, the children in your life will be heading off to college. Will you be ready with college tuition? Use our College Planning Calculator to estimate how much you'll need to help make those college dreams come true.

NJBEST 529 College Savings Plan - New Jersey1 offers tax advantages, flexibility and control over assets invested. And because the student in your life is a New Jersey resident, you can take advantage of these added benefits:

  1. Federal and New Jersey state income tax advantages
  2. Scholarship opportunity
  3. The first $25,000 in savings will not affect student's ability to receive New Jersey financial aid
  4. Annual maintenance fee waived
Investors should carefully consider plan investment goals, risks, charges and expenses before investing. To obtain the Investor Handbook, which contains this and other information, call Franklin Templeton Distributors, Inc., the manager and underwriter for the plan, at 1-877/4NJBEST or click here. You should read the Investor Handbook carefully before investing and consider whether your or the beneficiary's home state offers any state tax or other benefits that are available for investments only in its qualified tuition program.

  • Learn about NJBEST – see how New Jersey residents can use qualified withdrawals for college expenses without paying federal and New Jersey state income taxes, and gain the added bonus of a possible scholarship to New Jersey collegiate programs.

    Tax benefits may be conditioned on meeting certain requirements. Federal tax, a 10% penalty and state tax apply to nonqualified withdrawals of earnings. Generation-skipping tax may apply to substantial transfers to a beneficiary at least two generations below the contributor. See the Investor Handbook for more complete information.

  • Gain access to the investment management experience of Franklin® Templeton® Investments, one of the nation's largest and oldest investment managers.

  • Use the College Planning Calculator to estimate how much you may need to save, and learn more about how 529 plans work.

  • Sign up – order an Investor Kit so you can get started today.

Footnote
1. Offered and administered by the New Jersey Higher Education Student Assistance Authority (HESAA); managed and distributed by Franklin Templeton Distributors, Inc., an affiliate of Franklin Resources, Inc., which operates as Franklin Templeton Investments. No federal or state guarantee. Principal value may be lost, and investing in the plan does not guarantee admission to college or sufficient funds for college. Please refer to the Investor Handbook for more complete information.
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The New Jersey Better Educational Savings Trust Program ("NJBEST") is a higher education savings and investment program of the State of New Jersey designed to satisfy the requirements of Section 529 of the Internal Revenue Code. NJBEST is a service mark of the State of New Jersey. The State of New Jersey Higher Education Student Assistance Authority (HESAA) selects investment managers for NJBEST, adopts regulations and carries out other functions necessary for its operation.

HESAA has selected Franklin Templeton Distributors, Inc. ("FTDI") to provide, directly or through subcontractors, certain distribution, investment management and administrative services relating to NJBEST. FTDI has retained Franklin Advisers, Inc., a registered investment advisor, to serve as the initial investment manager for the Franklin® Templeton® investment options. Both FTDI and Franklin Advisers, Inc., are affiliates of Franklin Resources, Inc., which is a global investment organization operating as Franklin Templeton Investments. Through various Franklin Templeton entities, Franklin Templeton Investments provides global and U.S. investment, shareholder and distribution services to the Franklin, Templeton and Mutual Series funds and institutional accounts, as well as separate account management services.

This material is not a recommendation of any particular security, is not based on any particular financial situation or need, and is not intended to replace the advice of a qualified attorney, tax advisor, investment professional or insurance agent. Before making any financial commitment regarding a Section 529 college savings plan, consult with the appropriate financial advisor.