College Resources & News from CFNC

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NC 529 IMAGE Benefits Of College Savings Accounts
September 5, 2023
7 Benefits of College Savings Accounts

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.

NC 529 IMAGE Calculator
August 16, 2023
NC 529 Calculator: Deciding How Much to Save

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.

NC 529 IMAGE How To Save For College In 4 Years
August 16, 2023
How to Save for College When Your Child is in High School

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.

College Funding Sources
July 5, 2023
College Funding Sources & Their Impact on Financial Aid

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.

March 7, 2023
New Law Allows NC 529 Funds to be Used Tax-Free for Retirement

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.

Shutterstock 1971100703
March 1, 2023
When Should I Start Saving for College? 4 Tips to Fund Your Child’s Education

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.

NC 529 IMAGE Withdrawal Rules
March 1, 2023
529 Withdrawal Rules: When to Withdraw Funds and How to Use Them

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.

Two Thumbs Up
July 18, 2022
Comparing the Pros and Cons of a 529 Plan

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.

Piggy Bank Coin Stacks
July 15, 2022
10 Saving for College Tips for Parents (And What to Avoid)

Trying to save up for your child’s future education? Our experts share their top 10 penny-pinching tips—and what to avoid—when saving for college.

Father Daughter Book
May 11, 2022
Investing in Your Child's Future Education

Want to kick-start your child's education fund while they're still young? Here are the best ways to start investing for future education expenses today.