DECEMBER 1, 2019
Let us send tuition checks directly to your college
Did you know when you take a CollegeAmerica® withdrawal online, you can have us send a check directly to your college or university?*
This means you won’t have to call, mail a form or write a personal check to pay for qualified education expenses.
Once you've completed your withdrawal online, we’ll mail the payment to your college. If you provide a student identification number, we will include it on the check to help ensure the payment is applied correctly.
Here’s what you’ll need when you take your withdrawal:
- Name of college or university
- Mailing address for the payment
- Student’s school ID number
To get started, just log in and click "Sell" in your 529 account.
You must be registered online to take advantage of this option. If you aren't, it takes only a few minutes to register your account.
* This feature is available only for payments sent to eligible higher education institutions.
If withdrawals are used for purposes other than qualified education expenses, the earnings will be subject to a 10% federal tax penalty in addition to federal and, if applicable, state income tax. States take different approaches to the income tax treatment of withdrawals. For example, withdrawals for K-12 expenses may not be exempt from state tax in certain states.
