VCSP does not notify your school that you have a VEST account. It is your responsibility to ensure that the school invoice is paid on time. You can either request that the VEST funds be paid directly to you so that you can pay the school invoice once you receive it, or you can request that we pay the school directly. Keep in mind the pending settlement period to ensure that your payment will not be late.

The pending settlement period is outlined in the VEST Program Description. This is the period between receipt of your completed Distribution Request Form and when the amount to be distributed is actually withdrawn from your VEST account. Distribution requests in good standing received and processed by close of business each Friday (or the last business day of the week in the event of a holiday or if the VCSP is closed) will be withdrawn from the applicable portfolio on the following Wednesday (or the next business day in the event of a holiday or if the VCSP is closed). The net asset value used to determine the number of units liquidated in an account will be the net asset value calculated for the applicable portfolio on the business day immediately preceding the date the distribution amount is withdrawn from the account.