529 Plans
A 529 Plan is a qualified tuition program (QTP), or tax-advantaged college savings plan, operated by a state or educational institution designed to help families set aside funds for future college costs. Many 529 plans allow disbursements to pay for tuition, fees, books, housing and dining. However, expenses that qualify for disbursement may differ by state or 529 plan administrator policies. Contact your 529 plan administrator regarding the disbursement of funds from your account.
Payments from 529 College Savings Plans should include the student’s name and University Identification Number (UIN) on the check to ensure proper credit. Payments should be mailed at least 10 business days prior to the due date to allow for mail delivery and processing time. Checks should be made payable to the University of Illinois and mailed to the following location:
University of Illinois Payment Center
Student A/R
28393 Network Place
Chicago IL 60673-1283
Please Note:
- This address should not be used to process overnight payments. Please contact University Bursar for instructions to process overnight payments.
- Do not send Scholarship checks to this address. To ensure proper credit to student accounts, please direct all scholarship payment checks to the financial aid office on the recipient's campus of attendance. Visit the Financial Aid and Scholarship Payments section of our website for details.
Learn More About 529 College Savings Plans
For more information on 529 Plans, listen to Episode 11: Saving for College with a 529 Savings Plan from the Making Cents of Money podcast, co-hosted by Student Money Management Center and Illinois Department of Financial and Professional Regulation. This episode is also available on Spotify, Apple Podcasts, & YouTube Music.