BYU-Idaho Help Guides

Adding a 529 Savings Plan

Updated on

529 College Savings Plan

A 529 college savings plan is a specialized savings account used to save money for college. The money in a 529 plan may be used to pay for college expenses-tax free. 

There are several ways for students to use the 529 funds. The student or beneficiary (parent account) may wish to contact their specific plan for details. 

Step 1: Sign in into your BYU-I account and click on "Pay Tuition"

Step 2: Select "Make Payment"

Step 3: Select "My Account"

Step 4: Click on "Add payment method"

Step 5: Select on "529 Savings Plan" on the right hand of the screen

Step 6: Fill out the prompt with the correct information and click "Save"

Congratulations! You have successfully added a 529 Savings Plan.

Note:

If your plan is not listed in CashNet, you will need to request a check be sent from the Savings Plan to BYU-Idaho. Checks will need to be made out BYU-Idaho and will be mailed to:

BYU-Idaho Cashiers Office

525 S. Center Street

Rexburg, ID 83460-1625

The Savings Plan check or payment, if mailed in, should contain information including Students Name and I Number. The payment, when received by the Cashiers Office, will be added to your personal account listed as 529 Educational Savings. From this account, profile money will be deposited to pay student account debts. If you have any questions or need access to the funds you should call accounting services at 208-496-1411 for assistance.

Some 529 savings plans require an invoice to be submitted from BYUI Accounting Services. Some of these plans include, Florida Prepaid, Texas Tomorrow, Alabama Pact, Nevada Prepaid, Mississippi Prepaid, etc. If you need an invoice for 529 payments, call Accounting Services 208-496-1411.


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