The Education Plan

The Education Plan® is a 529 education savings plan sponsored by the State of New Mexico and administered by the Education Trust Board.

The Education Plan offers a tax-advantaged way to save for future education expenses and help reduce the burden of student loan debt. The money in a 529 plan may be used to pay for a variety of qualified expenses including tuition, room and board, books, fees, and computer equipment at accredited four-year universities, community colleges, professional schools, and trade schools across the United States, including traditional and online institutions. Funds may also be used to pay for K-12 tuition, apprenticeship expenses, and more.

Funds in a 529 plan grow tax-free, and withdrawals are also tax-free if used for qualified education expenses. For New Mexico residents, any contributions to a 529 account with The Education Plan are deductible from New Mexico state taxable income each year.

Anyone can open an account for anyone, and you do not need to be related to the beneficiary. There is no minimum initial contribution required, and you make contributions whenever you choose.

At The Education Plan, we also work closely with employers to add a 529 plan to employee benefits packages. It’s an easy, no-cost way to support the financial wellbeing of employees. Unlike other benefit programs, The Education Plan requires very little from HR while offering employees t

Activities/Resources

Activity/Resource Website: TheEducationPlan.com

TEP Flyer
Activity/Resource Website: https://rclobby.unm.edu/sites/docs/TEP Flyer 5-23.pdf

Your Family’s Education Savings Checklist
Activity/Resource Website: https://rclobby.unm.edu/sites/docs/TEP Savings Checklist.pdf

Teppie Math Addition Coloring Sheet
Activity/Resource PDF: https://rclobby.unm.edu/sites/docs/Teppie_Addition.pdf

Teppie Math Multiplication Coloring Sheet
Activity/Resource PDF: https://rclobby.unm.edu/sites/docs/Teppie_Multiplication.pdf

STEAM Resources Page
Activity/Resource Website: https://www.theeducationplan.com/steam-resource

Video Links

Gifting The Education Plan
Activity/Resource Website: https://youtu.be/31Rh2KB8eV0

529 Plans Explained in 1 Minute
Activity/Resource Website: https://www.yout-ube.com/watch?v=EdLjU4jEwYY

Contact Information

Carolyn Fittipaldi
Marketing Director
Tel: 505-476-3860
Cell: 505-412-5121
Carolyn.Fittipaldi@etb.nm.gov
TheEducationPlan.com