Glossary

1 5 A B C D E F G H I L M N P Q R S T U W Y
1 5 A B C D E F G H I L M N P Q R S T U W Y

S

  • Sales Charge

    A sales charge is a commission on the purchase of an advisor-sold 529 plan. Direct-sold plans, like The Education Plan, do not have sales charges.

  • Savings Bond

    A savings bond is a government bond, such as a Series EE or Series I bond. 

  • Scholarship

    A scholarship is a form of financial aid that is based on the student’s academic, artistic or athletic merit.

  • Section 529

    Section 529 of the Internal Revenue Code of 1986 is the section of U.S. tax law that defines 529 plans and specifies their requirements.

  • Self-Help Aid

    Self-help aid includes money that must be earned or repaid, such as student employment and student loans.

  • Small-Cap
  • Static Investment Portfolio

    A static investment portfolio does not change its asset allocation over time.

  • Stock

    A stock is a security that represents ownership rights in a company.

  • Stock Funds

    A stock fund is a type of mutual fund that invests in company stocks (also called “equities”).

  • Student Loan

    A student loan is money borrowed for school that must be repaid with interest. Loans may come from the government, banks, financial institutions or other organizations.

  • Successor Account Owner

    The successor account owner is a person designated on the account application as the new account owner upon the death of the current account owner.

  • Superfunding

    Superfunding refers to the use of 5-year gift-tax front-loading to make a lump sum contribution to a 529 plan account. See also: Gift-Tax Front-Loading.

SIGN UP FOR OUR NEWSLETTER

FOLLOW US
ON SOCIAL MEDIA

The Education Plan Logo White

The Education Plan® and The Education Plan® Logo are registered trademarks of The Education Trust Board of New Mexico used under license.

Privacy & Cookie Policy

Phone: 1-877-337-5268
We're available Monday to Friday 8 a.m. to 7 p.m. MT

OPEN AN ACCOUNT LOGIN
VIEW LEGAL DISCLOSURE