Whether you want to update your CollegeAmerica investment allocations or change the beneficiary, you can do so yourself or through your financial professional.
You may reallocate your CollegeAmerica investment twice per calendar year and whenever there’s a change to the beneficiary of the account.
Log in to your account and click Exchange to complete the transaction online, or call us at (800) 421-4225.
You may change the beneficiary of the CollegeAmerica account at any time. To avoid tax treatment of the change as a withdrawal, the new beneficiary must be a member of the previous beneficiary's family.
Generally, UGMA/UTMA custodians may not change the beneficiary of a custodial CollegeAmerica account. Custodians wishing to change beneficiaries should seek legal advice as funds held in UGMA/UTMA accounts represent an irrevocable gift to a specific individual.
Visit our FAQ page to learn more about changing beneficiaries. Use the form below to change the beneficiary on your CollegeAmerica account.