A 529 plan is a special, state-sponsored savings program that recognizes the need for families to set aside significant assets for college. UNM employees can contribute money to a Section 529 plan from The Education Plan of New Mexico through a payroll deduction.
These 529 plan accounts can be opened for various types of beneficiaries including:
The beneficiary does not have to be a family member.
A 529 plan allows you to set aside funds for the following higher education expenses:
For more information, contact the UNM Payroll Department at (505) 277-2353, The Education Plan of New Mexico at (877) EDP-LAN8 (337-5268) or visit The Education Plan website.