529 Plans
Using a 529 Plan to Pay Your GW Bill
If you’re using a 529 college savings plan, please follow these steps:
Start early: Contact your 529 plan administrator a few weeks before your bill is due as it can take up to 14 days for them to process your request.
Include student info: Make sure the payment includes the student’s full name and GWID so it goes to the correct account.
Send payments to:
The George Washington University
Enterprise Hall, Suite 290
Attn: Student Accounts Office
44983 Knoll Square
Ashburn VA 20147
Private College 529 Plan
George Washington University participates in Private College 529 Plan. To learn more and to see the other participating schools, visit privatecollege529.com.
Tax Forms and 529 Plans
You should not use Form 1098-T to validate Form 1099-Q, Payments from Qualified Education Programs, received from a 529 plan provider. Withdrawals from a 529 plan can be used to pay for certain expenses, such as room and board but, per IRS rules, payments received for these charges cannot be reported in Box 1 of a 1098-T. Instead, use your account statements to show how your 529 funds were used for education expenses.