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.
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