NORTH DAKOTA

College SAVE

Type: Savings

Phone: 866-728-3529

State tax deduction for residents: No

Open to nonresidents: Yes

Refund provisions: Penalty of 10% of earnings

Minimum/maximum contributions: $25 / $269,000

Residents should shop around because there are no tax advantages to staying in state, and the funds in this plan aren't standouts. Managed by Morgan Stanley, the plan has four blended portfolios plus an age-based portfolio. Expenses are 0.68% to 1.22% for residents. Nonresidents add an extra 0.5% plus an annual $30 administrative fee.

State College Savings Plans