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What does njbest stand for?

The New Jersey Better Educational Savings Trust Program ("NJBEST") is a higher education savings and investment program of the State of New Jersey designed to satisfy the requirements of Section 529 of the Internal Revenue Code. NJBEST is a service mark of the State of New Jersey.

What is the njbest scholarship?

NJBEST Scholarship The NJBEST Scholarship provides a tax-free scholarship to beneficiaries of an NJBEST 529 College Savings Plan provided the beneficiary attends a college in New Jersey and the account has been open at least four years and contributions are $1,200 or greater.

How can njnjbest help you?

NJBEST offers a variety of solutions to help meet your needs. So you want to open a 529 savings account, but you aren’t able to contribute a large sum of money. That’s ok. The most important step is simply getting started. You know that college is important.

What are the requirements to open a njbest 529 plan?

1 Student must be a beneficiary of a NJBEST 529 College Savings Plan opened for at least four years. 2 Total contributions to the NJBEST 529 plan must be equal to at least $1,200. 3 The contributor must have made a withdrawal for qualified education expenses from the NJBEST account for which the student is beneficiary. More items...

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