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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.
If you are a New York State resident, visit New York State’s 529 College Savings Program.
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.
Checks in U.S. dollars drawn on a U.S. bank account made payable to Columbia University should be mailed to our Lockbox processing center. Payments by mail must be received, not simply postmarked, by the due date in order to avoid late payment charges.
Mail Checks to:
Student Account Payments
P.O. Box 1385
New York, NY 10008-1385
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.
Email us for more information.