College SAVE (Direct-Sold)

The College SAVE Direct is a 529 plan available in North Dakota that offers families a straightforward and accessible way to save for higher education expenses. One unique aspect of this plan is its direct-sold structure, allowing individuals to open and manage their accounts directly without the need for a financial advisor. The plan offers a range of investment options, including age-based portfolios and individual fund options, providing flexibility for account holders to customize their investment strategy. It provides tax advantages, such as tax-free growth and tax-free withdrawals for qualified education expenses. Additionally, North Dakota residents may be eligible for a state income tax deduction for contributions made to the plan, further enhancing the savings potential. The College SAVE Direct plan is designed to help families efficiently save for their educational goals.

Enroll

State Tax Incentive

$5,000 single / $10,000 joint beneficiary

Program Manager

Ascensus

Investment Manager(s)

Vanguard

Plan type

Direct

Investments

Guided Investments

age-based

ESG Investments

No

Avg. expense fee

0.460%

Fee Range

0.44%-0.48%

Ratings

Backer Rating

Our rating is based on fees and tax savings advantages.

49%

for ND residents

31%

non-residents

Saving For College

Unbiased, independent resource for parents.

4.5

for ND residents

4

non-residents

Other

Connect with Mint.com

Track your finances in one place.

No

Connect with Backer

Full end to end enrollment, gifting and plan management.

Enrollment

Mobile app

Backer App covers this plan.

Yes

General Recommendation

This is a direct sold 529 plan, not rated by Morningstar.