North Dakota 529 College Savings Plan – College SAVE
About: North Dakota’s College SAVE, managed by Ascensus College Savings, offers 9 investment options: three age-based options and six individual portfolios managed by Vanguard.Ascensus College Savings is a leading provider and administrator of 529 plans, focused on helping American families invest for college. As a manager of 529 plan services to state partners, the company administers individual accounts for college savers and provides customized recordkeeping and administration platforms.
Phone #: 1-866-728-3529
Investment Options: College SAVE lets you choose between two investment paths, each with investments managed by Vanguard, one of the world’s largest investment management firms. They offer three age-based options: ready-made portfolios that reallocate your investment automatically as your child ages. In addition, they also have Six individual investment options that can be tailored to your specific goals.
Tax Benefits: When your child reaches college age, withdrawals for qualified higher education expenses are free from federal income tax. A deduction of up to $5,000 (up to $10,000 for married couples) of your College SAVE Plan contributions from your North Dakota state taxable income.
State Residency Requirements: No state residency is required to participate in North Dakota 529 College Savings Plans.
Saving for College with Upromise
Upromise is a service that helps individuals save money to pay for college or to pay down existing student loan debt.
Upromise is a great way to save through partnerships with retailers. Similar to a cash back rewards card, this plan puts rewards from retailers into an account that you can use to save money for school or paying down current Sallie Mae serviced student loans.
Once you join Upromise, you simply have to shop at eligible retailers. You can shop online and get anywhere from 1$ to 25% back that is credited to your account. There are more than 600 online retailers, including Target and more, which will give you rewards that can be used for college and tuition expenses.
The beauty of the Upromise program is that you save money for college by simply shopping at the normal stores you visit every day. Upromise was created in partnership with Sallie Mae and is designed to help save for education costs.