NJBEST 529 College Savings Plan offers a flexible, convenient and trusted way to invest for your child’s education.


  • Choose from most accredited two- and four-year colleges and universities as well as vocational schools, including many outside the U.S.1
  • Use up to $10,000 per year per beneficiary for eligible primary and secondary school (K-12) tuition1
  • Transfer savings to another family member


  • Get started for as little as $25
  • Set up automatic investments and make saving easy
  • Crowdfund with family and friends using SpryngTM


  • Used by more than 50,000 NJ families2
  • Valued by account owners – 4 out of 5 account owners are more than likely to recommend NJBEST to friends and family3
  • Established in 2003

Join thousands of other New Jersey families and start saving today.

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What Makes NJBEST Special for New Jersey Families?

Scholarship Opportunity

Students at New Jersey colleges or universities can receive a tax-free college scholarship worth up to $1,500, depending on how long the plan has been open.4

Won’t interfere with New Jersey Financial Aid

Plan assets of up to $25,000 won’t be included in determining a beneficiary’s eligibility to receive financial aid awarded by the state of New Jersey.5


Make saving for education easier with Spryng, a quick and easy way for family and friends to make contributions towards your NJBEST 529 College Savings Plan.

10 Other Things You Should Know About the NJBEST 529 College Savings Plan


They Pay for More than Just Tuition

Savings can be used for any qualified tuition expense. Additionally, for accredited higher education schools (e.g. college or vocational schools), savings can be used for additional qualified expenses including mandatory fees, supplies, books or other required equipment, and room and board, if the beneficiary is enrolled at least half-time.1


You Can Change Beneficiaries

The beneficiary can be changed to a member of the immediate or extended family (including siblings, grandchildren, nieces, nephews, cousins and more).5


The Owner Controls 529 Plan Assets

The account owner—not the beneficiary—maintains control of the assets, including how and when they will be used.4


Flexible Contribution Amounts

NJBEST allows account owners to open an account with as little as $25 and to contribute $305,000 per beneficiary over the lifetime of the account.5


Wide Range of Schools

529 savings can be used at most accredited two- and four-year colleges and universities and vocational schools, including many outside the U.S. In addition, up to $10,000 per year per beneficiary can be used for tuition for eligible public, private and religious primary and secondary educational institutions (K-12). At this time, it is not clear what, if any, expenses will be regarded as “tuition” in the case of public schools.1


No Income Restrictions

Anyone can open a plan regardless of his or her income.


Multiple Investment Options

NJBEST offers a wide range of investment choices allowing you to invest your assets in the portfolio(s) that best suit your education savings goals.



NJBEST offers features that make it a convenient way to save for college, including monthly automatic investment plans and portfolios that automatically rebalance as the beneficiary gets closer to college.


Earnings Grow Tax Free

Earnings grow federal income tax-free, and earnings are free from federal income tax when withdrawn for qualified higher education expenses or used up to $10,000 per year for tuition for eligible primary and secondary schools.1


Estate Planning

Five years worth of gifts (up to $75,000 for an individual or $150,000 if a married couple) can be made at once to a 529 plan without owing federal gift tax, as long as no other gifts are made to the same beneficiary over the five years.
Learn more about Estate Planning

Take advantage of the many benefits NJBEST has to offer and start saving today.

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