North Carolina’s National College Savings Program (also called “NC 529 Plan”) is a program of the State of North Carolina. The program is maintained by the North Carolina State Education Assistance Authority as a qualified tuition program under federal tax law, and is administered by College Foundation, Inc. The NC 529 Plan is open to residents of any state. Account earnings are free from both fed
eral and North Carolina income taxes when used to pay for qualified higher education expenses at virtually any college, anywhere in the country. Account owners enroll directly, without having to use brokers or financial advisors, and make their own investment choices from a variety of investment options. There are no enrollment fees or sales charges.
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For more information about North Carolina's National College Savings Program, please review the complete Program Description and Enrollment Agreement at NC529.org/pd or contact 800-600-3453 to request an enrollment kit that includes both. Before opening an Account, or contributing funds to an existing Account, you should carefully read and consider the Program Description, which includes information on investment objectives, risks, charges, expenses, and other important information. North Carolina's National College Savings Program is a program of the State of North Carolina, established and maintained by the North Carolina State Education Assistance Authority (Authority) as a qualified tuition program under federal tax law, and administered by College Foundation, Inc. (CFI) Current Investment Options are offered by the State Treasurer of North Carolina; State Employee's Credit Union (SECU) and The Vanguard Group, Inc. The features of a qualified tuition program are complex and involve significant tax issues. The earnings portion of withdrawals not used for qualified higher education expenses is subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. The availability of tax benefits may be contingent on meeting other requirements. Accounts are not bank or credit union deposits and are not insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration (NCUA). Neither the Contributions nor the earnings thereon invested in a Program Account are backed by the full faith and credit of the State of North Carolina or guaranteed by the Authority, CFI, SECU, or Vanguard. Not withstanding the foregoing, contributions and interest earned thereon allocated to the Federally-Insured Deposit Account Investment Option are guaranteed by the State Employees' Credit Union and insured by the NCUA, which is backed by full faith and credit of the United States Government. The value of a Participant's Account will fluctuate depending on the market conditions and the performance of the Investment Option selected. You could lose money by investing in the Program. Participants assume all responsibility for federal and state tax consequences.
