- Do you want to maintain control over how and when your account assets are invested?
- Do you want to decide when to withdraw your money, and for which qualified costs it will be used?
- Do you want to be free to change the designated beneficiary to another qualified family member?
- Do you want to periodically change your investment strategy?
If you answered "yes" to these questions, College SAVE could be a great college saving plan for you.
No income limits to enroll.
Anyone with a Social Security number or taxpayer identification number can be a designated beneficiary; you can even designate yourself. There are no income limits to participate in College SAVE.
The money you invest in College SAVE can be used to pay for any eligible educational institution in the United States and abroad − not just in North Dakota. That includes public and private 2- and 4-year colleges and universities, graduate schools, and technical and vocational schools.1 Search for eligible educational institutions
Additionally, money in your account can be used to pay for K-12 tuition, fees, books, supplies, and equipment at certain apprenticeship programs and both principal and interest on qualified education loans. Learn more here.
1An eligible institution is one that is eligible for federal financial aid programs.
Ascensus Broker Dealer Services is the distributor of the North Dakota College SAVE plan, Learn more about Ascensus Broker Dealer Services, LLC on FINRA's BrokerCheck.
For more information about North Dakota's College SAVE Plan (College SAVE), call 1-866-SAVE-529 (1-866-728-3529) or click here to obtain a Plan Disclosure Statement. Investment objectives, risks, charges, expenses, and other important information are included in the Plan Disclosure Statement; read and consider it carefully before investing. Ascensus Broker Dealer Services, LLC (ABD) is Distributor of the College Save.
Please Note: Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program. You should also consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state’s 529 college savings plan(s), or any other 529 plan, to learn more about those plans’ features, benefits, and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.
College SAVE is a 529 plan established by the State of North Dakota. Bank of North Dakota (Bank) acts as trustee of College SAVE Trust, a North Dakota Trust, and is responsible for administering College SAVE Trust and College SAVE. ABD, the Plan Manager, and its affiliates, have overall responsibility for the day-to-day operations of the Plan, including recordkeeping and marketing. The Vanguard Group, Inc. (Vanguard) provides underlying investments for the Plan. The College SAVE's Portfolios, although they invest in mutual funds, are not mutual funds. Units of the Portfolios are municipal securities and the value of units will vary with market conditions.
Investment returns are not guaranteed and you could lose money by investing in College SAVE. Participants assume all investment risks, including the potential for loss of principal, as well as responsibility for any federal and state consequences.
Not FDIC Insured. No Bank, State or Federal Guarantee. May Lose Value.
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