N.J. students now eligible for $3K scholarships as state revises 529 college saving plan rules

Students who attend New Jersey colleges are now eligible for a one-time scholarship worth up to $3,000 if their families invest in the state’s 529 college savings plan under revised rules adopted this week.

The New Jersey Better Educational Trust Scholarship, known as NJBEST, previously ranged from $500 to $1,500 for students whose families opened college savings accounts in their names. Under the new rules, the one-time scholarships have increased to a minimum of $1,000 and a maximum of $3,000 per student.
Return to 529 News center