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.
EnrollState 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.