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New Jersey Higher Education Student Assistance Authority (HESAA) Request For Proposals For NJBEST Investment Manager
10/30/2023 | RFP

NJBEST Investment Manager

The New Jersey Higher Education Student Assistance Authority(“HESAA” or “Authority”), is soliciting proposals from qualified bidders to provide comprehensive services to the New Jersey Better Educational Savings Trust (NJBEST) program, a qualified tuition program within the meaning of and in compliance with Section 529 of the Federal Internal Revenue Code of 1986, as amended (“program” or “NJBEST program”). Through this RFP, HESAA seeks to obtain the best net investment returns for program participants and the most favorable array of program services.

The intent of this RFP is to award a contract to that responsible bidder whose proposal, conforming to this RFP, is most advantageous to the Authority, price and other factors considered. The Authority, however, reserves the right to separately procure individual requirements that are the subject of the contract during the contract term, when deemed by the Authority to be in HESAA’s best interest.

Bid documents are available on the HESAA website at:

The Authority must receive proposals no later than 4:00 pm on December 6, 2023.