College & Career

North Dakota

5 Cap Ratings
rating grahic rating grahic
(Resident Rating) (Non-Resident Rating)
Summary

North Dakota's College SAVE, Upromise-managed 529 savings program offers 9 investment options: three age-based options and six individual portfolios managed by Vanguard. Accounts can be linked to the Upromise rewards service.

Program Details
  • Summary: North Dakota's College SAVE, Upromise-managed 529 savings program offers 9 investment options: three age-based options and six individual portfolios managed by Vanguard. Accounts can be linked to the Upromise rewards service.
  • Program type: Savings
  • Program manager: Upromise Investments, Inc.
  • State residency requirements: None
  • Maximum contributions: Accepts contributions until all account balances in North Dakota's 529 plan for the same beneficiary reach $269,000.
  • Minimum contributions: The minimum initial contribution is $25 and the minimum subsequent contribution is $25.
  • Age-based investment options: There are 3 age-based options (Conservative, Moderate, and Aggessive), each containing up to 5 investment portfolios. Contributions are placed into the portfolio corresponding to the selected option and age of the beneficiary, and later reassigned to more conservative portfolios as the withdrawal date draws nearer.
  • Static investment options: 6 asset allocation portfolios are offered. The Aggressive Growth, Growth, Moderate Growth, and Conservative Growth portfolios invest in Vanguard stock and bond index funds. The Income Portfolio invests in a Vanguard bond index fund, inflation-protected securities fund, and a money market fund. The Money Market Portfolio invests 100% in the Vanguard Prime Money Market Fund.
  • Underlying investments: Vanguard mutual funds.
  • Enrollment or application fee: None.
  • Account maintenance fee: $20 annually, waived for North Dakota residents.
  • Program management fees: 0.85% manager fee; fee includes underlying fund expenses and the 0.10% fee to the state.
  • Expenses of the underlying investments: N/A, included in the program management fee.
  • Total asset-based expense ratio: 0.85%
  • Program match on contributions: The program provides a one-time match of contributions up to $500 per beneficiary for North Dakota participants with incomes below $60,000 (single) or $100,000 (joint). Contributions within 12 months of the account opening are eligible for the match. The beneficiary must be 15 years of age or younger. For participants with incomes below $30,000 (single) or $60,000 (joint), the match is available for an additional two years. An additional matching program, Children FIRST, provides a North Dakota resident child born on or after January 1, 2011 with an initial $100 contribution for participants who opt into the program. Children FIRST participants have until their child turns 4 years old to match the $100 contribution and retain the state-sponsored donation.
  • State tax deduction or credit for contributions: Contributions to the North Dakota 529 plan of up to $5,000 per year by an individual, and up to $10,000 per year by a married couple filing jointly, are deductible in computing North Dakota taxable income. Contribution deadline is December 31.
  • Web site: Click here to visit
  • Telephone: 1-866-728-3529
  • Twitter
  • Facebook
Powered by Savingforcollege.com
Copyright 2011 Savingforcollege.com, LLC. All Rights Reserved.

Show Show Bankrate.com's disclaimer

The information contained in this material and related materials ("Information") is based on information from sources believed to be accurate and reliable and every reasonable effort has been made to make the Information as complete and accurate as possible but such completeness and accuracy cannot and is not guaranteed. The reader and user of the Information should use the Information as a general guide and not as the ultimate source of information. The Information is not intended to include every possible bit of information regarding the Information but rather to complement and supplement information otherwise available and the reader and user should use the Information accordingly. The Information contains information about tax and other laws and these laws may change. The reader and user should realize that any investment involves risk and the assumptions and projections used in the Information may not be how the investments turn out. The reader and user should consult with their own tax, financial and legal advisors about all of the Information.

MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed, 0 point 4.32%  0.06 4.26%
15 year fixed, 0 point 3.36%  0.09 3.27%
5/1 ARM 3.37%  0.10 3.27%
 
View Rates in your area Search
Product Rate Change Last week
30K FICO-based HELOC 4.74%  0.01 4.75%
50K FICO-based HELOC 4.51%  0.01 4.50%
100K FICO-based HELOC 4.24% --0.00 4.24%
 
View Rates in your area Search
Product Rate Change Last week
60 month used car loan 2.86%  0.20 3.06%
48 month used car loan 2.79%  0.40 3.19%
60 month new car loan 2.94%  0.10 2.84%
 
View Rates in your area Search
Product Rate Change Last week
1 Year CD 0.90%  0.02 0.88%
2 Year CD 1.02%  0.01 1.03%
5 Year CD 1.59%  0.01 1.60%
 
View Rates in your area Search
Product Rate Change Last week
Balance Transfer Cards 15.71%  0.01 15.70%
Cash Back Cards 16.36% --0.00 16.36%
Low Interest Cards 10.91% --0.00 10.91%
 
Search
advertisement
Rising prices are driving homeowners into positive equity, but it could be a long road.
advertisement
Is your money safe?
or ? See your bank, thrift or credit union's star rating. Find one that's safe enough for you.
Partner Center
advertisement

Connect with us