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Local Family Dreams Big for Higher Education with 529 Day Contest Win!

Congratulations to Andy Ewens, Ph.D., of Cary, North Carolina! Andy is the winner of the “Dream Big 5/29 Day Drawing to Win $5,529” in celebration of National 529 College Savings Plan Day. Andy’s name was selected at random from a long list of entries. The contest, sponsored by College Foundation, Inc. (CFI), was open throughout the month of May with the goal of raising awareness about college savings accounts and providing a deserving family with an extra boost to their own college savings.

How Well is My 529 Plan Performing?

Stacks of coins with sprouts symbolizing growth.

Most parents understand how important it is to save for college. While a 529 plan is one of the most efficient and effective ways for families to save for school, many parents don’t know how to choose the right 529 plan. How is a parent supposed to choose the right 529 plan based on its performance?

Know How 529 Investments Work

A 529 isn’t like a regular savings account.

7 Types of College Savings Accounts

The idea of saving for college can be overwhelming. This is because when many parents think about saving, they (mistakenly) believe they need to put aside enough money to pay for 100 percent of college. In reality, most families use a combination of savings, financial aid, scholarships, and student loans to pay for college.

Beyond deciding how much you can afford to save each month, you also need to figure out where to save your money.

Can a 529 Plan Be Used for Trade School?

A sign post for a university and a trade school.

The sky is the limit after you graduate from high school. Maybe you want to go to a traditional four-year university — or maybe you want to get started on your career ASAP. If you’re ready to get to work, a trade school may be the right choice for you. And yes, you can use your NC 529 Plan to pay for accredited trade schools and qualified education expenses.

What is Trade School?