College Resources & News from CFNC
Friday, April 28, is Teach Your Child to Save Day, and WECT News elected to share tips on kids saving from the NC 529 National College Savings Program.
North Carolina’s National College Savings Program, known as the NC 529 Plan, originally launched with a single investment option and transitioned $9.5 million in assets and 2,185 accounts to a multiple option format in 2001. The current NC 529 Plan, with 13 different investment options, now has a fund balance of just over $2 billion and 135,524 active accounts, 91% of which are owned by North Carolina residents.
April 28 is National Teach Your Child to Save Day and the NC 529® Plan is encouraging parents to turn their tax refunds into a teaching tool.
April is Financial Literacy Month. The goal of Financial Literacy Month is to help Americans become savvier when it comes to their money. From creating a budget to learning about investing, this is an ideal time to pause and evaluate your family’s level of financial knowledge.
We’re going to celebrate College Savings Day (May 29) by giving away $1,529! Anyone with an existing NC 529 Account or who opens one is eligible to enter. Don’t miss out on a chance to add $1,529 to your college savings in the NC 529 Plan.
One of the most common questions parents have about an NC 529® Plan is when should I set up an NC 529 Account? It’s a simple question with a straightforward answer — now! That’s because it’s never too early to start saving for your child’s higher education.
When it comes to saving your money, it’s important that you understand how a college savings vehicle works. We know that investing in a savings account for college can be a little confusing, especially if you are not familiar with financial jargon about your investment.
The North Carolina National College Savings Program (NC 529 Plan) joined Marble’s Kids Museum in Raleigh, NC, for their Fourth Annual Kids Car Fair. During the fair, children are introduced to a variety of career fields, from news casters to dentists. More than 30 local professionals participated in the event and children had a wonderful time exploring various paths that they may pursue one day.
Congratulations to Mark Pearn of Kernersville. As posted in the News & Record, Mark won an extra $529 to add to the NC 529 College Savings Account he owns for his son. He did so by entering the Lucky 3 Drawing that was held by the North Carolina’s National College Savings Plan during the later part of 2016.
The NC 529 Lucky 3 Drawing was most recently held in the Fall 2016. Those who contributed to their NC 529 Account during the drawing were entered for a chance to have an additional $529 added to their Account. We’re pleased to have had so many entries, as this means many people took another step in saving for college.