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North Carolina's National College Savings Program

The Sky's the Limit

Learn how Olivia's parents are preparing for her future success with the NC 529 Plan.

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Watch a one-minute video on the benefits of using the NC 529 Plan to save for college.

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It’s never too early—or too late—to save for your student’s college education

The NC 529® Plan gives you a tax-advantaged, straightforward way to start putting money aside for your child’s college future right now. With easy online or paper enrollment, you can start saving with as little as $25. Make future contributions regularly or periodically—your choice. Friends and family can even contribute too!

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7 Best Ways for Parents to Save for College

Plenty of people will tell you about the importance of college. They’ll tell you about how college graduates earn more during their lifetimes. They’ll tell you about how the value of college extends far beyond the academic experience. What they may not tell you is how you’re supposed to pay for it.

Of course, there are all kinds of financial aid available like grants and scholarships, but the most surefire and effective way to find money for college is to save it yourself.

What Does 529 Eligible Educational Institution Mean?

Picture this. Your student is getting ready to go off to college for the first time. For years, you have contributed to their education savings plan, helping to make their dream of higher education a reality. As you prepare to send in the first payment from your 529 account, you want to ensure that your student is attending an eligible institution so it counts as a qualified withdrawal.

You might be unsure what this is referring to,

What Does College Really Cost?

Preparing to send a child off to college requires a good amount of financial preparation. Sure, you’ve accounted for the basics that everyone knows all too well. You’ve considered tuition, room and board, and textbooks. But what about the extra costs associated with a college education? Are you prepared for those?

There are several costs for college that are “hidden in plain sight.” If you are aware of them,

Withdrawing 529 Plan Funds for Non-Educational Purposes

Opening a 529 education fund is a smart financial move for families, especially with the rising cost of college. Besides college expenses, the money also can be used to pay for K–12 tuition at public and private schools in many states, including North Carolina.

Many parents choose 529 accounts because the earnings grow tax-free if it’s used for qualified education expenses. Opening an account when children are young can accumulate thousands of dollars in interest and money saved on taxes.

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