The College SAVE Matching Grant Program, sponsored by Bank of North Dakota, is designed to help North Dakota parents and others get a healthy start on saving for college. The program provides matching grants of up to $300 per year to eligible North Dakota residents, based on certain income limitations.1
Who qualifies for a matching grant?
Anyone with a College SAVE account who meets income criteria. (If you haven't signed up yet, you can enroll online or by calling 1.866.SAVE.529.) The person for whom you’re saving must be 15 years old or younger.
How do I reapply for the grant in consecutive years?
Every 12 months for three consecutive years, you may resubmit a matching grant application. New contributions up to $300 are matched each year.
Which contributions qualify for matching grants?
ANY contributions made within 12 months of opening a College SAVE account can qualify, up to $300 per year.
Matching grant applications are available here.
Your application must be received within 12 months of opening your College SAVE account.
1Matching grants 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, Inc. 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, Inc. (ABD) is Distributor of the College Save.
Before investing in any 529 plan, you should consider whether your or the designated beneficiary's home state offers a 529 plan that provides its taxpayers with state tax and other benefits that are only available through the home state's 529 plan. You also should 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 plan(s), or any other 529 college savings 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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