529 Plan
A 529 plan is a tax-advantaged savings plan designed to encourage saving for future college costs. How plans are structured and how to access funds from the plan varies by state, plan administrator, and the plan itself.
Students can use 529 College Savings Plans to pay their tuition for qualified higher education expenses. Qualified education expenses include tuition and fees, room and board, book supplies, and technology items.
To begin this process, the account holder must notify the 529 Plan administrator of the intent to access available funds. The 529 Plan administrator then transfers the requested funds to the University for that term. If the 529 Plan funds do not cover the entire balance, the student will be expected to pay the remaining amount due by the published due date. Students may continue to receive reminders of their outstanding bills prior to receipt of the 529 payment.
Instruct your plan administrator to:
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Make the check payable to the University (and not the beneficiary or plan owner)
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Include your student ID number
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Send no more than is due on your account (the University does not accept payments in excess of what is owed)
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Mail the payment to:
Youngstown State University
Attn: Cashier’s Office
One University Plaza
Youngstown, Ohio 44555
QUESTIONS:
If you have questions about what qualifies as legitimate expenses for 529 funds, tax implications, options for accessing your funds, or general questions about 529 plans, contact your plan administrator.
If you have questions about how to submit your 529 plan payment to your account at the University, please contact us at 330-941-3133.