NJBEST

Frequently Asked Questions

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Tell us what questions you have about saving for college.

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What are the benefits just for New Jersey residents?

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.

What education expenses can I pay for with my assets?

Savings may be applied to tuition, fees, required books, supplies and equipment, and room and board if the beneficiary is enrolled at least half time.2

What is the minimum to open an account?

You can open an NJBEST 529 College Savings Plan with as little as $25. There are no monthly or annual minimums.

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 beneficiary's home state offers any state tax or other benefits that are available for investments only in its qualified tuition program. Each plan account is subject to an annual program management fee of 0.10% of assets and underlying fund ex-penses, currently up to 0.81% of assets, which may vary. See the Investor Handbook for more complete information.

1Investing in NJBEST does not guarantee admission to college in New Jersey or elsewhere. The scholarship is awarded during the beneficiary's first year of college.

2Please read the Investor Handbook for more information.