College Resources & News from CFNC

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NC 529 IMAGE Future Cost Of College
April 18, 2024
The Future Cost of College: How Much Will Tuition Increase?

College costs will most-likely keep rising in the future. To help you know how much to save, here is a table of college costs in the future.

NC 529 IMAGE Are Education Expenses Tax Deductible
April 18, 2024
Are Education Expenses Tax Deductible? 3 Education Benefits to Know

Lower your overall tax bill by claiming certain education tax benefits, including a tuition and fee deduction.

NC 529 IMAGE Leftover 529 Funds
April 18, 2024
What Should You Do With Leftover Money in Your NC 529 Account?

If you have leftover money in your 529 account, you have options. Explore our tips for maximizing any funds you haven't used yet.

NC 529 IMAGE Save For College #1
April 18, 2024
How Much to Save for College & Savings Goals by Age

Figure out how much to save for college, savings benchmarks based on your child's age, and ways to meet your goals.

NC 529 IMAGE 1 Opening A College Account For Baby
April 18, 2024
Opening a College Savings Account for a Baby

Starting a college savings account for your baby can open doors for them later in life. Learn more about 529 accounts and their benefits.

March 8, 2024
How to Start a College Fund: 3 Ways to Save for College

What are the different types of savings accounts for education funds? Help me compare the types that are available and what they do for savings. Are certain college funds more ideal for different age groups of students? What are the best methods to grow a college savings account?

March 8, 2024
Congratulations to the NC 529 Education Wonderland Giveaway Winners

The NC 529 Education Wonderland Giveaway winner is the Goebel family of Concord, North Carolina! Their account was randomly chosen from thousands of entries to win $5,529 for education.

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?