North Carolina's National College Savings Program

It's never too early to start saving for college -
and now there's an easy, tax-free way!

Start Now Click to access Savings Program Account
 
(Please read before making investment option selections.)
Important Program Changes to Vanguard and MetLife Investment Options Coming Early March
North Carolina's 529 plan can help make college more affordable.
Our program is:
Accessible - Just about anyone can open an account.
Affordable - You decide how much you can contribute and how often.
Comprehensive - Choose from a variety of investment options.
Flexible - Use the money to pay expenses at virtually any college anywhere.
Tax Free - Account earnings are free of federal and North Carolina income taxes when the money is used to pay for qualified higher education expenses. NC taxpayers may be eligible for a state income tax deduction for contributions to NC's 529.
Tax Deduction - See the Program Description for details on types of withdrawals and tax implications.
 
Questions? Please call us toll-free at 800-600-3453 from 8am-8pm Eastern Time Monday-Thursday and 8am-5pm Eastern Time on Friday.
 

For more information about North Carolina's National College Savings Program, please review the complete Program Description and Enrollment Agreement available on this website or contact 800-600-3453 to request an enrollment kit that includes both. Before opening an Account, or contributing funds to an existing Account, you should carefully read and consider the Program Description, which includes information on investment objectives, strategies, risks, charges, expenses, and other important information.

The Investment Options are not guaranteed by the State of North Carolina, the Authority, CFI, Upromise, any investment manager, or MetLife, except to the extent that MetLife has made guarantees for the Protected Stock Fund Investment Option under funding agreements with CFI, acting as agent for the Authority. Participation in the Program involves investment risk, which may include the loss of principal in the case of investments in Investment Options other than the Protected Stock Fund. Accounts are not bank deposits, are not insured by the FDIC or any governmental unit or private person. Participants assume all responsibility for federal and state tax consequences.

 

North Carolina's National College Savings Program is a program of the State of North Carolina, established and maintained by the North Carolina State Education Assistance Authority (Authority) as a qualified tuition program under federal tax law, and administered by College Foundation, Inc. (CFI) with administration and record keeping services provided by Upromise Investments, Inc. and Upromise Investment Advisors, LLC (collectively, Upromise). Investment options are made available through NCM Capital Management Group, LLC; J. & W. Seligman & Co. Incorporated; Wachovia Bank, N.A. through its affiliate, Evergreen Investment Management Company, LLC; the State Treasurer of North Carolina; Metropolitan Life Insurance Company (MetLife); and The Vanguard Group, Inc.

 

If you are a North Carolina taxpayer, you may be eligible for a state income tax deduction. Deduction Details

If you are not a North Carolina taxpayer, you should consider before investing whether your or the beneficiary's home state offers a qualified tuition program that provides its taxpayers with favorable state tax and other benefits that may only be available through investment in the home state's qualified tuition program. You also should consult your financial, tax, or other adviser to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state's qualified tuition program(s), or any other qualified tuition program, to learn more about those plans' features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

The features of a qualified tuition program are complex and involve significant tax issues. The earnings portion of withdrawals not used for qualified higher education expenses are subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. The availability of tax benefits may be contingent on meeting other requirements.