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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.

How Much Can I Contribute to My NC 529 Account Annually?

How Much Can I Contribute to My NC 529 Account Annually


Everyone knows that an NC 529 Account is one of the best ways to save for an education. An NC 529 Plan is easy, effective, and anyone can contribute to it. Parents, family, and friends can all do their part to pitch in for education. The best part is that earnings are free from state and federal taxes, as are the earnings you make on those contributions. As people consider saving for college,