It's never too early to start saving for college.
That's why College SAVE and Bank of North Dakota created the New Baby Match. The Bank will match up to $200 in contributions for every newborn (up to 12 months old) residing in North Dakota. Anyone can apply for a New Baby Match for a North Dakota newborn − including parents, grandparents, aunts/uncles, or friends. (Only one grant is allowed per child.)
If you have been awarded a match account, any qualified distributions to the eligible educational institution to pay for qualified education expenses generally will be taken from the match account first and then the College SAVE account. In the event you have been awarded a match account you must request a qualified distribution directly to an eligible educational institution from your beneficiaries core account in order for the distribution to occur from the match 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.
Congratulations! Whether you are a parent, grandparent or special adult in a child's life, you can make a difference in their future. As members of the Industrial Commission which oversees Bank of North Dakota, we encourage you to take advantage of the New Baby Match. Join thousands of your friends and neighbors who have already started saving with College SAVE today and sign up for our state's generous grant programs.
Kelly Armstrong
Governor
Doug Goehring
Agriculture Commissioner
Drew H. Wrigley
Attorney General
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.
Vanguard and the ship logo are trademarks of The Vanguard Group, Inc. Upromise is a registered service mark of Upromise, Inc. All other marks are the exclusive property of their respective owners. Used with permission.
© 2023 Bank of North Dakota. Ascensus Broker Dealer Services, LLC, Member FINRA. All Rights Reserved.
