New Jersey College Savings Plan Manager Reaffirmed
Franklin Templeton Returns to Manage 529 Plan
The New Jersey Higher Education Student Assistance Authority (HESAA) has reappointed Franklin Templeton Investments as the program manager for the state's 529 college savings plan.
The announcement comes as part of the New Jersey College Affordability Act, which allows taxpayers with gross income of $200,000 or less to qualify for a state income tax deduction of up to $10,000 for contributions to a 529 plan.
Plan Management Expertise
Franklin Templeton has a long history of providing 529 college savings plan management services, including for the State of New Jersey.
The company offers a variety of investment options, including age-based portfolios that automatically adjust asset allocation as the beneficiary gets closer to college age.
Franklin Templeton also provides access to financial aid and college planning resources to help families save for and pay for higher education.
The reappointment of Franklin Templeton as the program manager for New Jersey's 529 College Savings Plan is a testament to the company's expertise and commitment to helping families save for college.
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