New Mexico 529 College Savings Plans

OFI Private Investments Inc. manages New Mexico’s direct-sold and advisor-sold 529 college savings programs. Both 529 plans use OppenheimerFunds along with mutual funds from several other fund families. New Mexico’s prepaid tuition plan was terminated in 2004.

Click on the following links to see additional information about the New Mexico 529 plans.

New Mexico 529 Tax Benefit
  • Tax deduction for single filersNo limit
  • Tax deduction for joint filersNo limit

Consumer Plans

The Education Plan's College Savings Program

The Education Plan College Savings Program is managed by OppenheimerFunds and features age-based and static portfolio options, some of which are a blend of active-managed funds and index funds, and others are entirely composed of index funds....

  • Resident Rating
  • Non-Resident Rating

Advisor Sold Plans

Scholar's Edge

New Mexico's Scholar'sEdge, an advisor-sold 529 savings program, managed by OppenheimerFunds, features age-based and static portfolio options utilizing OppenheimerFunds, American Century, MainStay and T. Rowe Price mutual funds along with a stable value option....

  • Resident Rating
  • Non-Resident Rating

ABLE plans

ABLE New Mexico

The State of New Mexico has partnered with the State of Ohio to create ABLE New Mexico, a program that offers the STABLE Account Plan to eligible New Mexico residents. The STABLE Account Plan is established pursuant to Ohio law (Ohio Revised Code §113.50-§113.56) in accordance with Section 529A, and is structured and operated by the Ohio Treasurer's Office and its Service Providers....

State news