529 Plans

In addition to tuition, 529s can now be used for additional expenses such as books, testing fees, tutoring, and educational services for students with disabilities.

Federal law allows up to $10,000 per year per student for qualified K-12 education expenses. This annual K-12 limit will increase to $20,000 per student beginning in 2026. Please note not all state plans follow federal law so withdrawals may be subject to state taxes or penalties depending on your state's specific rules. Please consult with your plan administrator for plan-specific advice.

Using Indiana529, Indiana taxpayers may be eligible for a state income tax credit equal to 20% of their contributions to an Indiana529 plan account. Contributions up to $1,500 per year ($750 for married filing separately) are eligible and you can contribute and withdraw from the account in the same year. 

Third party contributors (grandparents, godparents, other family) who are also Indiana taxpayers may also be eligible for the tax credit.

529 plan administrators will not send funds directly to Cathedral. Please contact your 529 plan administrator or financial advisor to find out about your options.

Some 529 plans will send a check directly to you and then you can make a payment in the Finalsite Enrollment towards your tuition.