Many students across the country use the college savings plan as a way to pay for college and it works out to be a benefit to them. The specific requirements for establishing, enrolling in or withdrawing from a Plan will vary by state; please check with your state or visit www.savingforcollege.com for links to information for all the state Plans. If you are a New York State resident and would like information regarding New York State’s 529 College Savings Program, please visit www.nysaves.org.
At Columbia University, we work with families to process these benefits in a timely manner. Plan participants are asked to contact their respective Plan to initiate the payment process. Because enrollment verification is required in most cases, Plans which require this information will be provided a copy of the student’s statement after the add/drop period, usually ten (10) days after the start of the semester.
For questions and answers from the Internal Revenue Service on 529 Plans, please visit the IRS website.