College Resources & News from CFNC
If you’re thinking about opening an NC 529 Account to save for your child’s college or K–12 education, it probably comes as no surprise there are do’s and don’ts for that too. Don’t fret, we’ve put together the ultimate guide to using 529 funds, so you can confidently “do” all the “do’s” when the time comes.
Figuring out how to pay for college can be daunting, but a great education is priceless, so it’s worth it for families to plan ahead. We believe it’s never too early to start planning for a college education with an NC 529 Account. Here’s a list of seven benefits of college savings accounts.
Use this NC 529 calculator to help you determine how much you should be saving for college. Get tips for savings methods, and how much to ask family to contribute.
The drive to save for college often kicks into high gear when a child starts high school. If you haven’t been putting away money like you’d hoped, don’t fret! Here are some tips to help you get moving.
Figuring out how to pay for college can be overwhelming, especially because there are so many college funding sources available. From federal and private loans to different types of savings accounts and investments, it can be difficult to know which option is best.
Families can now save for college and retirement at the same time with the NC 529 Plan, North Carolina’s National Education Savings Program. Starting in 2024, excess NC 529 funds can be rolled over tax-free into a Roth IRA for the beneficiary, thanks to a provision in the SECURE 2.0 Act.
When you save for your child’s college education, you make more than a financial investment — you invest in their future success and well-being. Recent studies show that college graduates earn an average of $1 million more than high school graduates over a lifetime and that higher income is a strong predictor for better health and overall life satisfaction.
It’s never too early to start thinking about a child’s education — whether that’s college, middle school, or trade school. You know this, so you’re interested in opening an NC 529 Account, but if you’re unclear on the “rules of the road,” so to speak, we’ve got you covered.
To celebrate National College Savings Month in September and encourage families to save for education, NC 529, North Carolina’s National College Savings Program, gave away $5,529 to one lucky family! Congratulations to the Holt family of Durham, North Carolina! They received the $5,529 contribution to put towards the future education of their three children — Elias, Everett, and Cora.
Is it a good idea to open a 529 account to fund your child's education? Discover some pros and cons of a 529 plan to see if it's right for your family.