This young woman's application for financial aid showed a total family income of $60,000, supporting a family of four with both children enrolled in Catholic school. The family was awarded $16,975 in financial aid. They will pay $1,975 in tuition expenses. 

According to 2021 tax information, a family of five reports a total family income of $100,000. Due to the economic implications of the COVID-19 pandemic, one parent's income steeply declined. This family received $11,375 in financial aid. They will pay $7,575 in tuition expenses.

In this family of six, the family's total income is $117,000. They will receive $8,475 in financial aid, making their tuition payment $10,475.

Both of this student's parents work full time to support their three children, two of whom are in college. Their total family income is $154,000. They were awarded $5,575 in financial aid, and will pay $13,375 in tuition expenses.

You can make contributions to your 529 plan via check, direct deposit from your payroll or from your bank account via an ETF.  Options are available at the following link: https://www.missourimost.org/home/forms-to-manage-your-529-account.html

Per missourimost.org: “You can contribute up to $15,000 per year ($30,000 if married filing jointly) without triggering federal gift tax.  You can also contribute a larger lump sum of up to $75,000 per beneficiary ($150,000 if you're married filing jointly) and then treat it as though you contributed that amount over a five-year period.”
 

Per missourimost.org: “Contributions you make by check, recurring contributions, or electronic bank transfer will be available after seven business days.”

$10,000 per year per child regardless if the child is named as a beneficiary by two or more accounts.  For example, grandmother has a 529 account for her granddaughter and parents have a 529 for the same child, only $10,000 between the two accounts can be withdrawn per calendar year for that child.

According to the withdrawal information found at this link: http://cdn.unite529.com/jcdn/files/MOD/pdfs/withdrawal.pdf a check will be sent to either the account holder, the beneficiary or Cor Jesu Academy. Checks CANNOT be made out to Blackbaud Tuition Management. You may request that the check, made out to Cor Jesu Academy, be mailed directly to Blackbaud Tuition Management at PO Box 11731, Newark,NJ 07101-4731. You should include your BBTM Family ID on the check for proper credit to your account.

You have a number of options to choose from: make the monthly payments as usual to Cor Jesu Academy and periodically reimburse yourself from your 529 plan OR make a monthly withdrawal  from your 529 plan and have the check, made payable to Cor Jesu Academy, sent directly to Blackbaud Tuition Management at PO Box 11731, Newark, NJ 07101-4731.  You should include your BBTM Family ID on the check for proper credit to your account.

Yes.  Be sure to keep the Blackbaud Tuition Management Statement in your records as evidence of the qualified tuition expenses should you ever be audited. You may access a Family Tuition Statement by logging in to your BBTM account.