529 Plans
529 College Savings Plans
If your college savings plan is College Illinois! , please refer to the following link College Illinois!
If you have a 529 College Savings Plan, such as Bright Start, Bright Directions, College Advantage, etc., you will need to work directly with your plan to do a withdrawal to have the funds sent to the University. Most plans have a website with a withdrawal form to be completed to pull the funds out and be mailed to the University.
When completing the form, be sure to include the student’s name and university ID number. You can request the payment be sent directly to the school at one of the following mailing addresses (based on mail delivery type used):
| U.S. Postal Service | Fed Ex, DHL, UPS, etc. |
|---|---|
|
Student Accounts
Illinois State University Campus Box 1210 Normal, IL 61790-1210 |
Illinois State University
Student Accounts 605 W. Dry Grove St. Normal, IL 61761 |
If you need further mailing details, you can check out our Contact Us page under Mailing Address.
529 Plans and Payment Plans
What payment plan works best for using a 529 Plan?
You should contact your 529 College Savings Plan to verify what it does and does not cover prior to school starting as each plan may be slightly different.
If you need a Cost of Attendance estimate to help with your plan, you can find the information on the Cost of Attendance Tables. Upcoming school year tables are usually updated by July.
If your plan will pay in full: Request the funds from your 529 account for the entire semester to pay the balance in full before the September 15th (Fall) or February 15th (Spring) deadline to receive no additional fees.
If your plan will not pay in full: Choose either the 3-month or 4-month payment plan to follow throughout the semester. By selecting a payment plan, you are able to pay in monthly installments. The 3- and 4-month payment plan begin in September and each month the payment is due by the 28th. You can request the funds in advance and mail in the payments or drop them off at our office. There is a one-time $35 payment plan convenience fee but there is no interest within the plan. Your payments are your semester balance divided by the number of months in your payment plan to create equal installments. If you make a payment in advance or an additional payment throughout the semester, the payment plan automatically recalculates (every 24 hours) to decrease your installment amounts to ensure you are paying the correct amount.