Savings Programs

North Carolina's National College Savings Program

Need to save money for college expenses? Check out North Carolina's top-rated 529 qualified state tuition plan. Funds invested in the program grow tax-free when used for education expenses, and you can choose from a variety of investment options. To learn more about North Carolina's National College Savings Program, click here.

Coverdell Education Savings Accounts

A Coverdell Education Savings Account (ESA) is used by individuals and families to save for education expenses. Effective January 1, 2002, $2000 per year can be contributed to an ESA, and withdrawals may be used to pay for qualified elementary, secondary, or college education expenses. Click here to learn more about Coverdell Education Savings Accounts.

Use IRA Withdrawals to Pay for Higher Education

A taxpayer can make withdrawals from an IRA (Individual Retirement Account) to pay higher education expenses for the taxpayer, the taxpayer's spouse, children and grandchildren.
Find out more about this new allowance from traditional IRAs.
 

How much do you need?

Trying to plan for college expenses can be harrowing. We have some tools that may help you: To figure out how much your family is expected to pay towards a college education, use our College Aid Calculator.

To help anticipate future college expenses, check the costs for the colleges in which you are interested in the College Fair tab. Current North Carolina Colleges and Costs.

Plan for the future with the Savings Calculator.