You may make payments monthly or in a one-time lump sum. If paying monthly, you choose the length of time to spread the payments, from one year up to the month of the child’s expected high school graduation date. You also may pay a down payment to reduce the number and/or amount of monthly payments.
Payment of the lump sum or first monthly payment is due by May 1 following the enrollment period in which the contract was purchased. Payments can be made online either as a one-time automatic debit to your selected account or by recurring debits which will automatically withdraw payment amounts from a checking or savings account; or made by check, wire transfer, payroll contribution, electronic bill pay or rollover from another qualified tuition program.
Use the Prepaid529 calculator to explore this year’s prices and payment options.