The NC 529 Plan is a tax-advantaged program that helps you save money for education. You can open an NC 529 Account for anyone, including yourself – and you can change the beneficiary to another family member without penalty at any time.
Be sure you have all of the information you need to open your NC 529 Account:
Participant (Account Owner) Information: Your Social Security Number (SSN) or Taxpayer Identification Number (TIN), birth date, address and email address.
Beneficiary (Future Student) Information: Name and birth date of the student for whom you are saving. (If you do not have the SSN or TIN, you may provide later.)
Financial Information: The account number and routing information for the bank or credit union account you wish to use for your initial and ongoing contributions to your NC 529 Account. In the alternative, you can fund your account by mailing a check.
How Does A 529 Plan Affect Your Financial Aid And FAFSA? (thecollegeinvestor.com) - article that outlines how 529 Plans are used in the FAFSA application and formula by colleges for financial aid.
The In's and Out's of 529 College Savings Plans - This plan is helping thousands of Americans save thousands of dollars to pay for college; however, which plan to choose and whose name in which to place the fund can make a difference on just how much savings you can accumulate.