A College Savings Award Program
The Saving for Success Award Program is a college savings award program administered by New Mexico Community Trust in partnership with The Education Plan®. The goal of the program is to prepare eligible K-8 students in school in New Mexico for future success in higher education through financial literacy education, encouragement and an award of up to $1,000 in initial value invested in a 529 college savings account with The Education Plan®, New Mexico’s 529 college savings plan.
The Award
Up to 50 eligible students in New Mexico will receive a Saving for Success Award of up to $1,000 invested in a 529 college savings account with The Education Plan®.
What's a 529 Plan?
A 529 plan is a tax advantaged college savings plan designed to make post-secondary education more affordable for families. The Education Plan® is the name of New Mexico’s 529 college savings plan. The savings in a 529 plan can be used for qualified educational expenses, including:
Tuition and fees
Books
Supplies and equipment
Room and board for beneficiaries attending on at least a half-time basis
Computer technology, equipment, internet access
Application Open Now
The Saving for Success Program application is open now through April 1, 2025.
Meet the 2024 - 2025 Recipients
Last year’s cohort consisted of 22 recipients. Each student received up to $1,000 invested in a 529 education savings plan with The Education Plan.
Meet some of this year’s recipients…
Zachary Archuleta | Chamisal, NM
Keith Arias | Santa Fe, NM | Kindergarten
Bobby Izzard | Albuquerque, NM | Kindergarten
Brianna Izzard | Albuquerque, NM | 4th Grade
Shane Chavez | Albuquerque, NM | 8th Grade
Amelia Chenier | Santa Fe, NM | 7th Grade
Xia Duran y Jennings | Santa Fe, NM | 7th Grade
Reyna Garcia | Springer, NM | 8th Grade
Anthony Gomez | Albuquerque, NM | 4th Grade
Ariana Hall | Rio Rancho, NM | 4th Grade
Ava Hall | Rio Rancho, NM | 6th Grade
William Hall | Rio Rancho, NM | 8th Grade
Scout Harrison | Albuquerque, NM | 1st Grade
Paislee Cordova | Isleta, NM | 3rd Grade
Demi Sanchez | Ruidoso, NM | 4th Grade
Donate to the Saving for Success Award Fund
Education is the key to a brighter future for all New Mexicans. We welcome donations to the fund from community organizations and individuals. By contributing, you can help students thrive and lessen their debt load as they start their futures.
Initial funding for this scholarship program was provided by the Jack Beaty Educational Scholarship Foundation.
