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NJBEST is a 529 College Savings Plan created by the state of New Jersey for New Jersey families who are trying to save for college. In addition to the typical benefits of any 529 plan, it offers features just for New Jersey residents, including the ability to open an account with as little as $25. New Jersey students may qualify to can to receive a tax-free scholarship. NJBEST offers  several investment options designed to meet the needs of almost any investor. As an NJBEST account owner, you can make automatic monthly, quarterly or annual contributions to your account.