Assets in the NC 529® Plan reached a major milestone Friday, April 21, 2017, surpassing $2 billion.
North Carolina’s National College Savings Program, known as the NC 529 Plan, originally launched with a single investment option and transitioned $9.5 million in assets and 2,185 accounts to a multiple option format in 2001. The current NC 529 Plan, with 13 different investment options, now has a fund balance of just over $2 billion and 135,524 active accounts,
The NC 529 ® Plan Encourages Parents to Talk to Their Kids about Saving Money on April 28
April, 2017 (Raleigh, NC) – April 28 is National Teach Your Child to Save Day and the NC 529® Plan is encouraging parents to turn their tax refunds into a teaching tool.
According to a study out of the University of Cambridge,
The North Carolina National College Savings Program (NC 529 Plan) joined Marble’s Kids Museum in Raleigh, NC, for their Fourth Annual Kids Car Fair. During the fair, children are introduced to a variety of career fields, from news casters to dentists. More than 30 local professionals participated in the event and children had a wonderful time exploring various paths that they may pursue one day.
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Congratulations to Mark Pearn of Kernersville. As posted in the News & Record, Mark won an extra $529 to add to the NC 529 College Savings Account he owns for his son. He did so by entering the Lucky 3 Drawing that was held by the North Carolina’s National College Savings Plan during the later part of 2016.
To stay abreast of future drawings, be sure to follow the NC 529 Savings Plan on Facebook.
The US News and World Report recently featured a Durham, NC grandfather who is helping his family save for college. Instead of giving physical gifts during the holiday season, he is contributing money to his grandson’s college savings plan each year. And, he’s not alone. According to the article, 84% of parents would prefer that their children receive money for college in place of physical gifts during the holidays.
During the holidays and on special occasions, it’s fun to spoil the children in our lives. Twenty-five dollars can buy a variety of gifts – balls, gift cards and games. As WFMY notes, it can also give the gift of education.
Play WFMY video.
That’s because you can contribute to an NC 529 Account with as little as $25. Money saved in an NC 529 Account can be withdrawn to pay for qualified higher education expenses.