Skip Ribbon Commands
Skip to main content

Skip Navigation LinksNJBESTHome


NJBEST

Attention: Starting November 12 through November 17, 2024, individuals will be unable to open a new NJBEST account due to maintenance in preparation for upcoming changes to the NJBEST 529 College Savings Plan. Please come back on November 18 if you are interested in opening an NJBEST account, and learn more about upcoming changes by visiting www.njbest.com/products/investment-changes.

WHY AN NJBEST 529 PLAN

  • Get started for as little as $25
  • Can be used for more than just tuition and for a variety of education options – including community college, trade schools, and apprenticeships
  • Earnings grow federal income tax free
  • Transfer savings to another family member.
LEARN MORE
 

NJBEST SCHOLARSHIP

  • Students at New Jersey colleges or universities can receive a tax-free college scholarship worth up to $3,000, depending on how long the plan has been open.
LEARN MORE

MATCHING GRANT PROGRAM

  • One-time grant of up to $750 matched dollar-for-dollar of the initial deposit into an NJBEST account for new accounts and for new beneficiaries.
LEARN MORE
 

NJ STATE TAX BENEFITS

  • NJ state tax deduction for contributions into an NJBEST account of up to $10,000 per year.
  • For taxpayers with gross income of $200,000 or less, beginning with contributions in tax year 2022.
LEARN MORE