| This flexible 529 plan offers many
advantages over other methods of saving for college. |
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| Basic Program
Summary |
| Enrollment
Form |
| Savings Program
Calculator |
| Complete
Program Description |
| Investment
Options and Performance |
| Tax Advantages |
| Open
an Account |
| Request
Enrollment Kit |
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| If you can't find the information you
need, call us toll-free at 800-600-3453. |
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| Basic
Program Summary |
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| Who Can Open an Account? |
- Anyone - parents, grandparents, other relatives,
friends, even certain organizations can save toward someone's
college education.
- You can open an Account for a person of any age, even
a newborn. You can even open an Account for yourself.
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| How Much Do I Have to Save? |
- Save on the schedule that works best for you. Monthly
or occasional contributions welcome.
- Low minimum opening contribution required.
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| What Investment Options Are Available? |
- Select from a variety of investment options that cover
a range of strategies, from conservative to aggressive.
- Choose a mix to meet your own investment
objectives, time remaining until college, and tolerance for
risk.
- You may change your current investment mix once
each calendar year or if the Beneficiary of your savings
Account changes. You may change how your future
Contributions will be invested at any time.
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A review of the Investment
Options will help you understand the relative risk normally
associated with each investment alternative. More complete
descriptions of the investment philosophies are available
in the Program
Description.
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| What Are the Tax Advantages
of this Program? |
- NC taxpayers may qualify for a tax deduction for
contributions to NC's 529 Plan. Deduction
Details
- Account earnings grow tax-free. There are no federal
taxes and, for North Carolina taxpayers, no state taxes on
earnings either.
- Withdrawals used for Qualified Higher Education
Expenses are exempt from both NC and federal income taxes.
- Residents of states other than North Carolina should
check with a tax advisor.
- 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
are subjected 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.
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| Where Can My Beneficiary Use
the Money? |
- Use for college expenses at virtually any
college anywhere.
- Use for Qualified Higher Education Expenses, which include
tuition, fees, room, board, books, and supplies and equipment
required for enrollment.
- If there are assets left in your Account when the
Beneficiary has completed college, you can designate a new
related Beneficiary of the Account.
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| How
Do I Start a National College Savings Program Account? |
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