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Submitting payment from a 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.

If your plan requires that funds are sent directly to the University, they should:

  • Include your student ID number
  • Send no more than is due on your account (the University does not accept payments in excess of what is owed)
  • Mail the payment to

University of Minnesota
211 Bruininks Hall
222 Pleasant St. SE
Minneapolis, MN 55455-0239

Be certain to start the process in time for the funds to reach your account by the due date.

If your plan administrator requires invoicing, please see the information on Third Party Billing.

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, contact One Stop.

Important Dates

Billing & Payment

Sun, Feb 25, 2018 Spring payment due in full (or second payment if enrolled in payment plan)
Mon, Mar 12, 2018 Third billing statement for spring available (due date: 3/25/2018)
Sun, Mar 25, 2018 Last day to receive a 100% tuition refund for canceling second 7-week session classes