People have different approaches to saving for education.
NJBEST offers a variety of solutions to help meet your needs.
Take Small Steps
So you want to open a 529 savings account, but you aren’t able to contribute a large sum of money. That’s ok. Any amount helps. Or are you unsure whether your child will go to college? NJBEST is flexible. Savings can be used for a wide range of schools, including trade schools, or can be transferred to another beneficiary in your family.
- Open account
- Start with as little as $25
- Consider setting up an Automatic Investment Plan (AIP) to contribute regularly for as low as $25/month
- Use Spryng to crowdfund your NJBEST account with the help of family and friends.
Take Small Steps
So you want to open a 529 savings account, but you aren’t able to contribute a large sum of money. That’s ok. Any amount helps. Or are you unsure whether your child will go to college? NJBEST is flexible. Savings can be used for a wide range of schools, including trade schools, or can be transferred to another beneficiary in your family.
- Open account
- Start with as little as $25
- Consider setting up an Automatic Investment Plan (AIP) to contribute regularly for as low as $25/month
- Use Spryng to crowdfund your NJBEST account with the help of family and friends.
Strategic Planner
You know that college is important. You are also aware that it can be expensive. That is why you are ready to start saving. But first, you want to know how much you need to save.
- Use our college savings calculator and see how much you may need to save.
- Open an account
- Save as much as you can and as often as you can – consider opening an Automatic Investment Plan (AIP) to contribute regularly, so you can set it and forget it.
Ready for a Change
Already saving with another 529 plan? NJBEST offers special tools and resources designed particularly for New Jersey families. Consider saving with NJBEST now.
- Rollover and simplify your life.
- Find out why NJBEST could be the right plan for you:
- Special benefits for New Jersey families
- NJBEST scholarship opportunity
- Use Spryng to crowdfund your NJBEST account with the help of family and friends.
Ready for a Change
Already saving with another 529 plan? NJBEST offers special tools and resources designed particularly for New Jersey families. Consider saving with NJBEST now.
- Rollover and simplify your life.
- Find out why NJBEST could be the right plan for you:
- Special benefits for New Jersey families
- NJBEST scholarship opportunity
- Use Spryng to crowdfund your NJBEST account with the help of family and friends.
Nonqualified withdrawals are subject to federal income tax, a 10% federal tax penalty, state income taxes and possible penalties.
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 state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in its qualified tuition program.
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 professional, investment professional or insurance agent. Before making any financial commitment regarding a Section 529 college savings plan, consult with the appropriate financial professional.
NJBEST New Jersey’s 529 College Savings Plan is 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 any particular primary or secondary school or to college or sufficient funds for primary or secondary school or for college. Please refer to the Investor Handbook for more complete information.
See the Investor Handbook for more information on NJBEST 529 College Savings Plan, including sales charges, expenses, general risks of the Plan, general investment risks and specific risks of investing in Plan portfolios, which can include risks of convertible securities; country, sector, region or industry focus; credit; derivative securities; foreign securities, including currency exchange rates, political and economic developments, trading practices, availability of information, limited markets and heightened risk in emerging markets; growth or value style investing; income; interest rate; lower-rated and unrated securities; mortgages, asset-backed and credit-linked securities; life settlement investments; restructuring and distressed companies; securities lending; smaller and midsize companies; and stocks.
