Edvest College Savings Plan

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Spring 2020 Refunds

Apr 30, 2020

College Students on CampusYour college student may be receiving a living expense or tuition refund for the Spring 2020 semester. If you paid for those costs using your 529 plan, you can return the funds to your Edvest account tax- and penalty-free by July 15, 2020. This is a one-time extension to the normal 60-day re-contribution requirement due to Covid-19.

Any re-contribution must be for refunds from higher education institutions (not private landlords, prepaid internet services, leases, etc.) The refund must be deposited into a 529 account for the same beneficiary.

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