When is the Best Time to Start an NC 529 Account?

When is the Best Time to Start an NC 529 Account

If you haven’t started saving for college yet, there is no time like the present! In recent years, college costs have risen an average of five percent annually. If that pace keeps up, the average cost for one year at a public four-year in-state school could jump from $22,000 to more than $55,000 per year in 18 years. To help families save for college, most states, including North Carolina, have 529 college savings programs.