Prepaid529 for summer sessions
Is your college student considering a class during a summer session? Before using Prepaid529 for the class’s tuition, consider the difference in credits earned in the shorter session versus a fall or spring semester. Since students usually take a lighter course load in summer, this use of benefits requires only a portion of a Prepaid529 semester. However, this could result in a potential shortfall of benefits at the end of the student’s academic career. Instead, consider paying out of pocket or using funds from a 529 savings account such as Invest529. If you decide to use a portion of Prepaid529 for a summer session, submit an Intent to Enroll form to direct Virginia529 appropriately.