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
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.