Already saving with another 529 plan? NJBEST offers tools and resources designed particularly for New Jersey families like yours.

The New Jersey College Affordability Act allows for a state tax deduction for contributions into a Franklin Templeton 529 College Savings Plan of up to $10,000 per year, for those with gross income of $200,000 or less, beginning with contributions made in tax year 2022.

A 529 plan is a tax-advantaged investment account designed to help families save for future education expenses. Named after Section 529 of the Internal Revenue Code, these plans offer a flexible and efficient way to set aside funds for a beneficiary's education.

Get answers to some of the most frequently asked questions about NJBEST & 529 College Savings Plans.

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 Distributors, LLC, an affiliate of Franklin Resources, Inc., which operates as Franklin Templeton.

Investment results do not represent the future performance of any Franklin Templeton funds or 529 college investment plan. Contribution Calculator See how monthly contributions make a difference.

MYTH: With NJBEST, my child will need to go to college in New Jersey. FACT: Your child doesn’t have to go to college in New Jersey! You can use NJBEST for most schools in the United States including vocational schools and certified apprenticeships, no matter where your 529 savings plan is …

The NJBEST Scholarship provides a tax-free scholarship to beneficiaries of an NJBEST 529 College Savings Plan. Learn the requirements to qualify & how to apply.

The NJBEST Scholarship provides a tax-free scholarship to beneficiaries of an NJBEST 529 College Savings Plan. Learn the requirements to qualify & how to apply. Skip to content

Franklin Aggressive Growth Allocation 529 Portfolio This portfolio is designed for investors who have a long investment time horizon and/or a higher tolerance for risk. It seeks to maximize potential growth by allocating 100% of the portfolio to equities, with no fixed income allocation.