The BND Match is designed to help North Dakota parents and others get a healthy start on saving for college. The program matches up to $300 to eligible North Dakota residents, based on certain income limitations.1
If your most recent adjusted gross income was $0 - $120,000 if married filing jointly or $0 - $80,000 if single, you may be eligible for a one time match of $300!
Who qualifies for a BND Match?
North Dakota residents with a College SAVE account who meet income criteria. The person for whom you’re applying for must be 15 years old or younger at the time you apply for the Match.
Which contributions qualify for the BND Match?
ANY contributions made within 12 months of opening a College SAVE account can qualify, up to $300.
BND Match applications are available here.
State law does not allow the BND Match or New Baby Match money to be used for K-12 tuition expenses. The match money provided by Bank of North Dakota may only be used for qualified expenses for attendance at higher education institutions.
What is the process for withdrawing BND Match money?
If you have been awarded a matching grant, any Qualified Distributions to the Eligible Educational Institution to pay for Qualified Higher Education Expenses generally will be taken from the matching grant account first and then the College SAVE Account. In the event you have been awarded a matching grant you must request a Qualified Distribution directly to an Eligible Educational Institution in order for the distribution to occur from the matching grant account. In the event your individual account reflects a zero balance for 6 months or more the grant money and its earnings, per the Plan Disclosure, will be returned to Bank of North Dakota.
Your application must be received within 12 months of opening your College SAVE account.
1The BND Match and New Baby Match are subject to the availability of funds and can be reduced or stopped at the discretion of Bank of North Dakota.
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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