Recipients of these plans should notify Student Accounting each semester they wish to use their state prepaid accounts. These states include, but are not limited to, Florida, Alabama, Mississippi, Texas, Michigan and Massachusetts. Many states offer prepaid education plans that Student Accounting can bill on the student’s behalf. ![]() The funds should be sent to:Īttention: Scholarship and Third-Party Account RepresentativeĪll 529 payments must include the student’s name and V number. This request must be submitted each semester and the funds are applied to the student’s account only after they are received by VCU. Other 529 plansįor Invest529, CollegeWealth, CollegeAmerica and other 529 plans, the account guardian must submit a distribution request to the 529 plan indicating the exact amount to pay to VCU. Students who do not remain continuously enrolled for each fall and spring semester may need to contact Virginia529 to reactivate the Prepaid529 award at VCU. Questions regarding how these semesters will affect the student’s Prepaid529 plan should be directed to Virginia529. The account guardian must notify Virginia529 for tuition and eligible fees for these sessions to be paid. The Prepaid529 plan does not automatically apply to the summer session and winter intersession. Virginia Prepaid529 does not cover special program and major fees, special course fees, dorm or dining charges. Traditional four-year Virginia Prepaid529 plans cover the standard, in-state undergraduate tuition rate and the mandatory fees assessed to all students - the university fee, activity/fee, technology fee, library fee and health fee (for full-time students only). If the Prepaid529 credit does not appear on the eStatement, contact the Student Accounting Department. VCU will receive notification of Prepaid529 recipients directly from Virginia529. The student’s V number should be included. In order to use Virginia529 benefits, the account guardian must submit an intent to enroll form to the Virginia529, indicating that the student is attending VCU. Learn more about how different types of third-party assistance are processed: Students are encouraged to contact their third party sponsor concerning scholarship awarding policies. If the organization requests confirmation of grant/scholarship payments, Student Accounting will be required to report this information when issuing the third party invoice (based on the student's account activity when the invoice is issued). ![]() ![]() Some third party sponsors require confirmation of student grant and scholarship payments prior to issuing the award. Students should contact us to determine the rates used for the financial aid cost of attendance based on the student’s classification. Some scholarships and third-party awards, including 529 plans, request the housing and dining rates allotted for students living off campus. Check payments received from non-personal bank accounts will be processed as third-party payments. Students may have their tuition and fees paid by agencies or businesses, or receive scholarships from sources outside of VCU.
0 Comments
Leave a Reply. |