A 529 plan, also called a qualified tuition program, is designed to help families set aside money for college. Every state and many financial and educational institutions have 529 plans.
Many 529 College Savings plans now have a digital distribution option (electronic ACH) which saves time and improves transparency with real-time payment tracking. When requesting a withdrawal from your plan, check with your plan administrator to see if a digital distribution option is available.
If you are an account owner for a CollegeChoice 529 plan, you have four options for making a payment:
The first three options allow your payment to be made to you as the account owner, to the beneficiary, or to the school. The fourth option allows payment to the account owner only, unless a prior payment has been made to the school.
If your plan is unable to send the funds via electronic ACH to IU, your plan provider should send the funds directly to you. Once you receive the funds, you can make a payment online using our option.
Mailed Check from 529 Plan Provider
If your 529 college savings plan cannot send funds via the first two methods, they can mail a check to us. Be sure to allow up to four weeks to process and post mailed in payments.
Instruct your plan provider to make the check payable to Indiana University and to include your first and last names and your 10-digit university ID number.
Have them mail your check to:
Office of the Bursar
Hawthorn Hall - 109
3400 Broadway
Gary, IN 46408
