New Mexico Education Plan Urges Families to Save for Future Costs

Santa Fe, NM, Sept. 08, 2026 /CourierPR/ -- The Education Plan® is urging New Mexico families to consider a 529 education savings plan as a crucial addition to their back-to-school shopping lists. These plans, designed to ease the financial burden of education, can be used for a wide range of expenses, including tuition, room and board, and professional education costs.

Natalie Cordova, Executive Director of the New Mexico Education Trust Board, the state agency that administers The Education Plan®, emphasized the importance of planning ahead.

The rising cost of education is a significant concern for many families. According to The Education Data Initiative, the average cost of attendance, which includes tuition, room and board, and other expenses, is approximately $108,584 over four years for in-state public institutions and $182,832 for out-of-state institutions. Additionally, Forbes reports that private school tuition for K-12 institutions is increasing, reaching an average of nearly $50,000 per year.

The Education Plan® offers a flexible and accessible solution. With no minimum account opening contribution required, family members and loved ones can contribute to the account as finances allow. The plan also provides tax benefits, including contributions growing tax-deferred and tax-free withdrawals for qualified education expenses. For New Mexico taxpayers, contributions are eligible for state tax deductions.

Cordova highlighted the long-term benefits of regular contributions.

To open an account or learn more about The Education Plan®, families can visit TheEducationPlan.com.