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On Christmas Day, the New York Stock Exchange and Capital Group’s U.S. offices will be closed.

In observance of the Christmas Day federal holiday, the New York Stock Exchange and Capital Group’s U.S. offices will close early on Tuesday, December 24 and will be closed on Wednesday, December 25. On December 24, the New York Stock Exchange (NYSE) will close at 1 p.m. (ET) and our service centers will close at 2 p.m. (ET)

Preparing for CollegeAmerica® distributions

log in to client accounts
Logo. CollegeAmerica is a nationwide plan sponsored by Commonwealth Savers

Get answers to clients’ most common questions about CollegeAmerica distributions and review options for taking distributions.

Generally, qualified education expenses are expenses required for the enrollment or attendance of the beneficiary at an eligible educational institution, which include:

  • Tuition and mandatory fees
  • Required books, supplies and equipment
  • Computers or peripheral equipment (printers)

For a list of qualified expenses, as well as the tax implications of taking a nonqualified distribution, visit CollegeAmerica qualified education expenses. 

Make sure to verify with your firm that you’re permitted to request third-party distributions to colleges or universities.

You’ll need the following:

  • Institution’s name
  • Institution’s billing address (which could be different from the physical address)
  • Beneficiary’s student ID number

Log in to Client Accounts with your Vision credentials to distribute the funds by:

  • Check via USPS (allow 7 to 10 business days)
  • Check via expedited delivery (allow 2 business days)

The distribution will be reported under the beneficiary’s Social Security number.

Yes, as long as the other student is a member of the current beneficiary’s family. If so, the funds must be transferred to the new beneficiary first using the CollegeAmerica Account Change Request so the distribution is reported correctly. Also include the CollegeAmerica Distribution Request to expedite the request.

Learn more about who is considered a member of the family.

Distribution options

Process a distribution online

Most CollegeAmerica distributions to the owner, school or beneficiary can be processed online.

Log in to Client Accounts.

Process a distribution by mail

For distributions that require a signature guarantee, complete this form and submit it by mail.

Complete the CollegeAmerica Distribution Request.

Link bank account for future distributions

To link the owner’s or beneficiary’s bank account for future distributions, complete this form.

Complete the Add/Update Bank Information form.

Explore more on managing CollegeAmerica accounts during tuition season

CollegeAmerica distributions single sheet

Share this single sheet with your clients when they have questions about how to distribute money from their CollegeAmerica accounts.

Get single sheet

CollegeAmerica taxes

Review tax reporting for qualified and nonqualified distributions from CollegeAmerica accounts.

Learn more

Distribution options

Review your clients’ options for taking CollegeAmerica distributions and determine the best fit for their needs.

Learn more

Return to CollegeAmerica 529 >

Contact us

Have questions or need additional support?
Contact us 8:00 a.m. to 7:00 p.m. ET, Monday through Friday.

(800) 421-0180

For financial professionals only. Not for use with the public.

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.

The guidelines and procedures provided in the Account Resource Center may not apply to networked accounts or accounts not directly held by American Funds. The guidelines and procedures provided also apply only to those retirement accounts or Coverdell ESAs invested in American Funds with Capital Bank and Trust Company (CB&T) as custodian. The guidelines and procedures provided in the Account Resource Center do not apply to plans held in our retirement plan solutions — PlanPremier, PlanPremier-TPA or RecordkeeperDirect. Information on the Account Resource Center may change periodically, and previously printed information may not be current. Please refer to capitalgroup.com for the most current information available.

Financial professionals should always contact their back office to determine if there are any restrictions on the use of American Funds products, tools, services, websites and literature.