A College Savings Award Program

The Saving for Success Award Program is a new 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

Meet the 2022 - 2023 Recipients

This year’s cohort consists of 19 recipients. Each one will receive 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

  • Alyson Archuleta | Chamisal, NM

  • Isaiah Rodriguez | Brimhall, NM

  • Damian Espino Scammell | Los Alamos, NM

  • Darien Hunt | Los Lunas, NM

  • Ella Wiggins | Albuquerque, NM

  • Jaylin Medrano Medina | Albuquerque, NM

  • Isaac Boss | Santa Fe, NM

  • Laney Duran | Albuquerque, NM

  • Julia Herrera | Albuquerque, NM

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.