Really naive question regarding tuition payment schedule

vballmom
Thu, 31 Dec 2009 16:51:27 +0000

My son is on the quarter system and tuition, meals & housing are all due at completely different times. It’s a bit crazy to try to find all the dates & make sure the funds are there at the right time, although by his 2nd year we should have it all figured out.

The college will accept credit cards but they tack on a fee of 2.5%…no thanks.

Getting money out of the 529 (at a major brokerage) is easy although I have to go there in person to sign the withdrawal form (to vouch that the funds will be used for qualified education expenses). The funds go into son’s checking account as he pays the college electronically from that. Will your administrator allow a transfer to a bank account, arabrab?