facebook-24x24

Give the Gift of Education this Holiday Season

Albuquerque, N.M. – November 14, 2019 – With the holiday season quickly approaching, it’s a good time to consider giving the gift of education.  The Education Plan, New Mexico’s 529 education savings plan, provides parents, grandparents, family members and friends the opportunity to help relieve the burden of student loan debt for their loved ones by making gift contributions into these education savings accounts any time of year.  In addition, New Mexico residents can receive an additional benefit by being able to fully deduct contributions into The Education Plan on their state income tax. 

“The Education Plan gives New Mexican families the opportunity to combine small gift contributions that can add up and make a life-changing difference,” said Ted Miller, Executive Director of the Education Trust Board of New Mexico.  

“Given that students with just $500 saved are four times more likely to attend college and two-and-a-half times more likely to graduate, The Education Plan can help more students further their education while also offering family members and friends an easy way to give a lasting gift, especially for the holidays.”

The Education Plan can be used for traditional four-year and two-year college, both undergraduate and post-graduate programs, as well as trade, specialty and private schools, providing flexibility for students of all ages and types. Funds from The Education Plan can be used to pay for over 200 qualified education expenses at any federally accredited school across the country and online, and even many schools abroad. 

Students with education savings accounts are significantly more likely to achieve higher education than those without.  In fact, there is a clear correlation between states with higher 529 plan participation rates and higher education levels, lower unemployment rates, higher wages and stronger economies. 

An account in The Education Plan can be opened at any time by anyone, for anyone with no minimum contribution required.  Contributions can be made one time, or on a recurring basis, either via transfer from a bank account or payroll, if the contributor’s employer allows.  Parents, family members, and friends can also make contributions to The Education Plan, which is a meaningful gift idea for the holidays as well as birthdays and other special occasions, and can help “circle-fund” and fuel savings.  It is also a tax-deductible gift for New Mexico taxpayers. 

If a beneficiary ultimately does not need or use all the savings, their account with The Education Plan can be transferred to another family member, including the account owner. There is no limit to the number of transfers, so a family can potentially use their education savings for multiple beneficiaries and generations.

For more information on The Education Plan, visit theeducationplan.com or call (877) 337-5268 to speak with a Plan specialist.

Join GCB Three Times Weekly Updates

Welcome to Three Times Weekly Updates! You will be subscribed to email notifications with links to recently posted articles.
captcha 
You can unsubscribe anytime. We never share or rent your email to anyone.

Fire Alerts

Editor's Note

Check out a new column that will talk about the town of Silver City and its news and services. 

Those new to providing news releases to the Beat are asked to please check out submission guidelines at https://www.grantcountybeat.com/about/submissions. They are for your information to make life easier on the readers, as well as the editor.

Classifieds: We have changed Classifieds. Check periodically to see if any news ones have popped up. The former software failed us, so it's just a category now, with prices posted. Send your information to editor@grantcountybeat.com and we will post it as soon as we can. Instructions and prices are on the page.

Images: We have received complaints about large images blocking parts of other articles. If you encounter this problem, click on the title of the article you want to read and it will take you to that article's page, which shows only that article without any intruders. It's a software problem, not easily fixable, other than showing fewer articles per summary page. If you are a frequent visitor, you might not mind fewer articles per page, but if you only come once in a while, you likely want to see more articles to browse. Write me at editor@grantcountybeat.com to let me know your feelings on this issue. 

Compliance: Because you are an esteemed member of The Grant County Beat readership, be assured that we at the Beat continue to do everything we can to be in full compliance with GDPR and pertinent US law, so that the information you have chosen to give to us cannot be compromised. 

New Columnists: The Beat continues to bring you new columnists.Recent additions  include one about end of life options, Compassionate Care.

The Beat has a column for you gardeners out there. The Grant County Extension Service will bring you monthly columns on gardening issues. The first one posted is on Winterizing your houseplants and patio plants.

The Beat totally appreciates its readers and subscribers!  

WARNING:

All articles and photos indicated by a byline are copyrighted to the author or photographer. You may not use any information found within the articles without asking permission AND giving attribution to the source. Photos can be requested and may incur a nominal fee for use personally or commercially.

NOTE: If an article does not have a byline, it was sent to the Beat and written by someone not affiliated with the Beat

Don't forget to tell advertisers that you saw their ad on the Beat.

Newsletter: If you subscribe to the Join GCB Three Times Weekly Updates option on the left side of this page, you will be subscribed to email notifications with links to recently posted articles.

Here for YOU: Consider the Beat your DAILY newspaper for up-to-date information about Grant County. It's at your fingertips! One Click to Local News.

Feel free to notify editor@grantcountybeat.com, if you notice any problems on the site. Your convenience is my desire for the Beat.

Thanks for your support for and your readership of Grant County's online news source—www.grantcountybeat.com

20191110