Can someone provide an update on how he is handling all the LIV news? I deleted X a year ago, and I would love to know if has accepted defeat or continues to provide delusional takes and spin.
Looking for confirmation from anyone who has actually used the NJBEST Scholarship or has direct knowledge of how the program works in practice.
My situation:
• NJ resident
• Two kids, ages 5 and 3
• Already have 529 accounts at Vanguard (Nevada plan) as our primary college savings vehicle
• Considering opening separate NJBEST accounts purely to qualify for the scholarship
The strategy I’m thinking about:
Per NJBEST and HESAA’s published chart (https://www.hesaa.org/Pages/njbestscholarship.aspx), the maximum $6,000 scholarship requires:
• Account open for 12+ years
• Aggregate contributions of $3,600
I’d like to:
1. Open NJBEST accounts for both kids now (when they’re 5 and 3)
2. Fund each with just the minimum ($25) required to keep the account open
3. Wait until shortly before each kid enrolls in college and then contribute the full $3,600 to lock in the $6,000 scholarship tier
Timeline-wise, both accounts will clear the 12-year threshold by the time the kids hit college age.
Has anyone actually done this? Did it work?