You can initiate a payment to your University by clicking the “Pay Tuition” button on your dashboard. This button will bring up a payment screen to walk you through a couple of simple steps to setup your payment.
First step, click the "Pay Tuition" button your Backpack dashboard
Confirm your Student's details, including their name and student ID
Confirm the recipient (the school) of the payment
Enter the amount to pay and which school term this applies to.
You'll be asked to verify your account
Finally, review the payment details before clicking "Make Payment"
A couple of important things to note:
You can initiate a payment to your University without sufficient funds in your Backpack balance, we will not send the payment until you withdraw sufficient funds from your 529 to cover the payment amount. For example, if you initiate a payment of $10,000 to XYZ University, but only have a balance of $5,000 in your Backpack account, you will need to withdraw an additional $5,000 from your 529 Plan account into your Backpack account. The good news is that when we receive enough funds in your Backpack account, we will automatically trigger the payment to your University - nothing for you to do! Of course, we will send you notifications along the way letting you know where your payment is.
You will need the Tuition Bill Amount from your university (Backpack does not pre-fill this field). Your University will send out a Bill Payment email to students and authorized users. Students can login to their university account to view the Tuition Bill amount.