| Parents, relatives, and friends of the family can save for a child’s future education endeavors by opening an NJBEST 529 College Savings Plan. Depending on their eligibility, residents may also be able to access helpful incentives offered by the State to contributors and beneficiaries (the student for whom the plan is opened), such as:A one-time, dollar-for-dollar match of up to $750 of the first contribution into a new NJBEST 529 planAn annual State tax deduction of up to $10,000 each year for contributions into an NJBEST 529 planA one-time scholarship opportunity up to $6,000 for eligible beneficiaries who attend a New Jersey college or universityLearn more and get started at the Higher Education Student Assistance Authority (HESAA) website. |
