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Account Updates

Using Your Virginia529 Account

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Are you planning on utilizing your Virginia529 account to fund the upcoming school semester? Congratulations! You’ve been saving for this day, and now’s when your hard work and planning pays off.

Read on for a few helpful reminders and tips on how to use your accounts.

 

Prepaid529

Your child’s school bills Virginia529 for tuition and mandatory fees after the add-drop deadline. This gives you the opportunity to revise your intentions to use a semester of Prepaid529 if your student’s credits fall below the full-time threshold.

Be sure to check with your student once the add-drop deadline comes around.

This recorded webinar will walk you through the steps of using your Prepaid529 account.

Prepaid529 Benefits Guide (pdf)

 

Invest529

Please submit a request to withdraw funds from your Invest529 account as soon as possible. This will ensure you receive the money when you need it.

For fastest service, make the request online in your secure Virginia529 account and request a bank transfer to the account owner or beneficiary. Generally, you will receive a bank transfer within one to two business days. Other forms of withdrawal (to the school or by check to the account owner or beneficiary) may take up to 10 business days.

This recorded webinar will walk you through the steps of using your Invest529 account.

Invest529 Distribution Guide (pdf)

 

Regardless of how you’re funding the upcoming semester, congratulations on saving up for this worthwhile expense. Your student – and your student’s financial future – thanks you!


Smart Savers Blog


Resources to help you learn

Virginia529 offers free, in-person information sessions at locations across Virginia. These hour-long sessions highlight the program’s three plans, explain the benefits to account owners and give you the chance to get your questions answered. If you don’t live near one of our in-person sessions, Virginia529 offers online webinars where you can learn more from the comfort of your own home.