News

NC 529 Joins 27-State Initiative to Tackle Student Debt

States are spearheading the initiative to face student debt head on as they encourage families to begin saving for the next generation now by taking advantage of 529 plans across the nation. The College Foundation of North Carolina (CFNC) and NC 529 are proud to join this coalition to help set up future generations for success.

In an effort to bring further attention to the 529 plan, a national campaign of 27 states will launch this month.

Babies Crawl Toward Touchdowns and College Savings in NC 529’s Diapers to Dorms Dash 

Crawlers Compete at NC Central and A&T Football Game for a Chance to Win $529 in College Savings

Babies will be crawling towards a touchdown between the first and second quarters of the NC Central and A&T football game in Durham on Saturday, Nov. 17. These quickly-crawling babies will compete to win $529 contributed to an account in the NC 529 Plan, also known as the North Carolina’s National College Savings Program.

NC 529 Investment Alert

*Attention*

State Employe’s Credit Union (SECU) is increasing the rate paid on the Federally-Insured Deposit Account (FIDA) from 1.5% to 1.75%.  This is one of the best rates on a federally insured investment option in a 529 we have seen thus far!

If you’re a conservative investor, check out the rate increase on our Federally-Insured Deposit Account (FIDA),

Questions about 529 Tax Law Changes?

 

What Does the Recent Federal Tax Reform Mean for My NC 529 Account?

The bottom line is: If you’re a North Carolina taxpayer, check with a qualified tax advisor before using your NC 529 funds for K-12 tuition expenses or before rolling over to a 529 ABLE account. North Carolina has not yet expanded state tax law to correspond to the recent federal changes.

Another Successful Diapers to Dorms Dash

Crawlers raced to the finish line during the pre-game show at the UNC vs. N.C. State men’s basketball game on January 27th. Six babies went head-to-head during the second Diapers to Dorms Dash in hopes of winning some college cash. As Ramses cheered on the babies, it was one-year-old Austin Tillman who was first to cross the finish line. Even though the Tillmans won $529 to contribute to their NC 529 plan, the five other contestants all received $25 to start their own NC 529 college savings accounts! 

Dashing Across the Finish Line

Dash To the Finish Line

It’s never too early to start saving for college, which is why these parents attended the Diapers to Dorms Dash on December 30, 2017. The race gave five crawling babies the chance to compete for $529  in NC 529 Plan college savings. It was held during halftime of the UNC / Wake Forest men’s basketball game as fans cheered on the little ones. It was eleven-month-old Maverick Steele of Chapel Hill who took home the grand prize,