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JULY 1, 2019
Now enjoy an easier way to send tuition payments
You asked us to make paying tuition easier, and we listened. You can now go online and send payments from your CollegeAmerica® account directly to your college or university.*
This new feature 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 for you. 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 new option. If you aren't, it takes only a few minutes to register your account.
* This new feature is available only for payments sent to eligible higher education institutions.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries.
Depending on your state of residence, there may be an in-state plan that provides state tax and other state benefits, such as financial aid, scholarship funds and protection from creditors, not available through CollegeAmerica.
If withdrawals from 529 plans 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. State tax treatment of K-12 withdrawals varies. Please consult your tax advisor for state-specific details.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.