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Compare 529 Plans by Features
Plan
Are program benefits backed by the full faith and credit of the state?
No, but principal and interest are FDIC-insured up to $100,000 per depositor
NJBEST 529 College Savings Plan
New Jersey
No, but the state has a "moral obligation" to ensure that no one loses money in the Division of Investment portfolios
N/A, not a state-sponsored program. However, each participating institution makes a binding commitment to accept Tuition Certificates in payment of tuition and mandatory fees. Payments received by the program are pooled in a qualified trust fund with investments managed by Alta Trust Company.