September is College Savings Month
Help them chase their best years ahead — by opening or contributing to an NC 529 college savings account. It’s flexible. It’s tax free when used for qualified education expenses. And it supports a world of future opportunities for your child or grandchild. Plus, if you open an account during September, which is College Savings Month, you’ll be entered to win $5,529 through our Dream Chaser Sweepstakes.
What is the NC 529 Plan?
An account in the NC 529 Plan helps illuminate a path forward. It’s a tax-advantaged saving and investment program that allows your loved ones to prepare for education expenses, including among other expenses, college costs and K-12 tuition. An NC 529 college savings account makes saving for future education simpler and more attainable. And they can be used to save for your child, your grandchild, yourself, or any other future student. With the NC 529 Plan, you’re planning for success.
What education expenses does an NC 529 cover?
Contributions to an NC 529 account and earnings thereon can be used for a myriad of qualified education expenses to light the way, such as: > College expenses, including tuition, books, fees, room and board, a computer and more.
- Career and technical education expenses, as long as the school is on the Federal Student Aid list, as well as apprenticeship programs that are registered with the U.S. Department of Labor or State Apprenticeship Agency.
- K-12 tuition expenses up to $10,000 of 529 funds per year, per child. > Special needs equipment.
- Student loan payments on behalf of the 529 beneficiary or beneficiary’s siblings up to $10,000 per individual.
- Rollovers of excess NC 529 funds to your beneficiary’s Roth IRA for their retirement. *Certain criteria apply.
How can I get started?
Nearly anyone can open an account, and it only takes minutes. The minimum starting contribution — $25 — goes directly into the account. No fees involved.
Related Resources
There are no enrollment fees or sales charges to open an NC 529 account, which means you can put more of your earnings toward your education savings — and invest your own way.
Program Highlights
Setting up an NC 529 account is simple and flexible — you can save monthly or contribute when you are able — whatever works for you.
NC 529 Enrollment