Grandparents

Can I pass on more than wisdom to my grandchild? I can.

† As of December 31, 2023.

* Largest by assets, according to the 529 Quarterly Data Update, Fourth Quarter 2023 from ISS Market Intelligence. As of December 31, 2023, CollegeAmerica’s assets under management (AUM) was $85.7 billion.

‡ 529 College Savings Quarterly Fee Analysis, Fourth Quarter 2023 from ISS Market Intelligence. CollegeAmerica’s fees were in the lowest fee quartile of the 32 national advisor-sold 529 plans and in the lowest fee quartile of the 29 national fee-based, advisor-sold 529 plans, based on the average annual asset-based fees that included CollegeAmerica's Class 529-A and 529-F-3 shares, respectively.

§ Funds in a 529 savings account can also be used for payments toward the principal and interest of a qualified student loan (up to a $10,000 lifetime maximum per individual) for the beneficiary and each of the beneficiary's siblings.

|| To qualify, the Roth IRA must be in the name of the beneficiary, and the 529 savings account must have been open for at least 15 years. The amount to be rolled over must have been in the account for at least five years and is subject to Roth IRA annual contribution limits. Rollovers are limited to a maximum of $35,000 per beneficiary over their lifetime.

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 prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing. Similar information is contained in the CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by Capital Client Group, 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. Before investing in any state's 529 plan, investors should consult a tax advisor. CollegeAmerica is a nationwide plan sponsored by Commonwealth Savers. 
This material does not constitute legal or tax advice. Investors should consult with their legal or tax advisors.
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.
Use of this website is intended for U.S. residents only.
Capital Client Group, Inc.
This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.