College Save Program - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

College Save Program

Posted:

Saving money on your taxes starts with putting money away for college.

Thousands of parents are taking advantage of The Bank of North Dakota College Save Program.
In fact more than 11-thousand parents have started to put money away from their child's future.
Those wanting to make a contribution or start a new account, can earn some big savings on their taxes, while helping their loved ones pay for their education.

 (James Barnhardt / BND) "We have tax deductions that people can take advantage of, as well as the 529 plan in general, your earnings grow tax free. On top of that we have grant programs for North Dakota residents earning 100-thousand dollars federally adjusted gross income or below as well as a grant for newborns where will be put the first 100 dollars away for them."
(Erica Unrath / Parent) "My husband and I took it out because we felt that our kids would be more willing to go to college, if there were funds set aside for them." 

You can find out more at college save 4 U dot com or call 328-5600

 

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