College Savings Plans

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Plans Vary By State  |  NY State Residents  |  Payment Process  |  Payment by Mail

College Savings Plans

 

PLANS VARY BY STATE

Many students across the country use the college savings plan, also known as 529 Pre-Paid Plans, 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 Saving For College for links to information for all the state Plans.

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New York State Residents

If you are a New York State resident, visit New York State’s 529 College Savings Program.

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Payment Process

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.

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Payment by Mail

Checks in U.S. dollars drawn on a U.S. bank account made payable to Columbia University should be mailed to our Cashiers Office. Payments by mail must be received, not simply postmarked, by the due date in order to avoid late payment charges.

Mail Checks to:

Columbia University Cashiers Office
1140 Amsterdam Avenue
210 Kent Hall
New York, NY 10027

Please note: the student’s name, Columbia University nine-digit identification number (the number will begin with the letter C + 9-digit number) or UNI, and the notation “529 Plan payment” should be clearly noted in the detail/memo field. Failure to do so may delay posting to the proper student account.

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