NJBEST is a 529 College Savings Plan created by the state of New Jersey for New Jersey families just like yours who are trying to save for college. In addition to the typical features of any 529 plan, it offers exclusive benefits just for New Jersey residents.See the advantages of saving with NJBEST
NJBEST offers a scholarship rewarding you for saving. New Jersey students can receive a tax-free scholarship - its value increases the longer you've been invested in the plan.See scholarship benefits
NJBEST has diverse investment options that can meet the needs of almost any investor.See our age-based portfolio options
You can see monthly performance for all of our investment options.NJBEST Performance
Cross "add money to college savings account" off your to-do list for good. As an NJBEST account owner, you can make automatic monthly, quarterly or annual contributions to your account.See how to contribute automatically
See the questions that other New Jersey families are asking about NJBEST.See frequently asked questions
Tax benefits are conditioned on meeting certain requirements. Federal income tax, a 10% federal tax penalty, and state income tax and penalties may apply to nonqualified withdrawals of earnings. Generation-skipping tax may apply to substantial transfers to a beneficiary at least two generations below the contributor. Gift examples are general; individual financial circumstances and state laws vary--consult a tax advisor before investing. If the contributor dies within the five-year period, a prorated portion of contributions may be included in their taxable estate. See the Investor Handbook
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 (877) 4NJ-BEST. You should read the Investor Handbook carefully before investing and consider whether your or the account 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 its qualified tuition program.
Each plan account is subject to an annual program management fee of 0.10% of assets and underlying fund expenses, currently up to 0.81% of assets, which may vary. See the Investor Handbook for more complete information.