We will be conducting routine system maintenance beginning Friday, February 23rd through Sunday, February 25th. If you experience any service disruptions on our website during this time, please return and try again later. We appreciate your patience as we work to better serve you.

College Resources & News from CFNC

Showing 1 to 10 of 321 News Items
News Items Per Page
February 22, 2024
NC 529 Plan Withdrawal Rules: Understanding Non-Qualified Withdrawals

What are the rules around 529 withdrawals? What happens if you take money out of a 529 plan for non-qualified expenses? What are some examples of non-qualified 529 withdrawals and what are the penalties?

February 22, 2024
How to Use 529 Funds Correctly and Avoid Penalties

How do I use my 529 funds? Do I need to save receipts from my purchases? Are groceries included in eligible 529 expenses? What are some common qualified 529 expenses? What happens if I use 529 funds for non-qualified expenses?

February 22, 2024
How to Gift to a 529 Plan: Understanding Deadlines, Limits, and Taxes

How do I send a gift to a family member's 529 plan? Are 529 gifts tax-deductible? How much can grandparents or extended family gift to a 529 plan? When is the deadline to contribute to a 529 plan?

February 22, 2024
What is National 529 Day?

What is National 529 Day? What kind of incentives and deals can I look forward to when it comes to college savings? When is a good time to open a 529 plan? Are there any deadlines for starting or contributing to a college savings plan? How can I "celebrate" 529 Day?

February 22, 2024
3 Best College Funds to Maximize Saving for College

What are the best college funds to invest in while my child is young to maximize the amount of money we can save for college? Talk me through my options and the pros and cons of each.

February 22, 2024
Can You Roll a 529 into a Roth IRA? All You Need to Know about the New 529 Rule

I am interested in hearing more about the recent changes to how 529 plan funds can be used. Give me details on the new tax-free rollover into a Roth IRA account. How does this new rule work? How do I avoid the penalty for using 529 funds for things other than education expenses? What are the limitations to rolling over 529 funds into a Roth IRA?

February 20, 2024
Fifteen N.C. 7th Graders Honored as Victor E. Bell, Jr. Scholars

College Foundation is pleased to announce that 15 outstanding North Carolina 7th graders have been named as recipients of the Victor E. Bell, Jr. Scholarship. Each Bell Scholar is eligible to receive up to $20,000 for higher education expenses.

December 13, 2023
Next NC Scholarship Will Help Cover Tuition and Fees at NC Community College or Public University

North Carolina students from households making $80,000 or less could have their tuition and fees fully covered at any of the state’s 58 community colleges or more than half of, if not all, of their tuition and fees covered at any of North Carolina’s 16 public universities thanks to the new Next NC Scholarship.

NC 529 IMAGE Tips For Creating A Savings Planner
November 15, 2023
4 Tips for Creating a Savings Planner for College Education

Saving for higher education may seem intimidating. There are so many questions about where to start and how much to save. The uncertainty of it all could make you wonder if you should create a savings planner. The good news: we can help. Discover these four helpful tips for creating a savings planner for a college education.

NC 529 IMAGE Ultimate List Of Qualified 529 Expenses
November 15, 2023
The Ultimate List of Qualified 529 Expenses: How to Use Your Funds

As an NC 529 participant, your account earnings cover an increasingly wide range of eligible education expenses. Once money is in your account, it can grow tax-free. But before you make a withdrawal, first check that the expense is on the list of qualified 529 expenses.