Apply for NJBEST Scholarship

The NJBEST Scholarship provides a tax-free scholarship to beneficiaries of a Franklin Templeton 529 College Savings Plan.1

Requirements to qualify include2:

Student must be a beneficiary of a Franklin Templeton 529 College Savings Plan opened for at least four years.

Total contributions to the Franklin Templeton 529 College Savings Plan must be equal to at least $1,200.

The contributor must have made a withdrawal for qualified education expenses from the account for which the student is beneficiary.

Either the student or contributor must be a New Jersey resident at the time of college attendance.

Student must be enrolled at least half-time in an eligible New Jersey higher education institution, for either the fall or spring term.

The scholarship may be awarded only once to an eligible Beneficiary.

The Scholarship amount is determined at the time the student first enrolls full-time after graduating from high school or earning a GED.

How to apply

To learn more or to apply for the NJBEST Scholarship, click here.


How much can you receive?

The longer you contribute at or above minimum contribution levels, the greater the college scholarship amount:

ContributionsFull Years
Account Open
Scholarship Amount
$1,200 4 $1,000
$1,800 6 $1,500
$2,400 8 $2,000
$3,000 10 $2,500
$3,600 12 $3,000


How to Apply

Apply for the NJBEST College Scholarship online

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Need More Information?

Find out more information about the NJBEST College Scholarship

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