News & Press Releases
Spring 2020 Refunds
Your 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.