Preparing for CollegeAmerica® distributions

If the distribution is for $125,000 or less:

Online
Log in to your account and click Sell to request the proceeds be sent to the beneficiary by:

• ACH to their bank on file (allow 1 to 3 business days)
   

If their bank isn’t already on file, complete the Add/Update Bank Information form (PDF). Once the request is received and processed, there is a 10-calendar-day hold before the option can be used. After it’s activated, you can use it at any time.

Phone
Contact us at (800) 421-4225 to process an ACH to the bank on file or to send a check to the beneficiary.

Fax/Mail
Complete the CollegeAmerica Distribution Request (PDF). If a signature guarantee isn't required, you can submit the completed form online.

If the distribution is for more than $125,000:

You must mail us the CollegeAmerica Distribution Request (PDF) with a signature guarantee. 

Note: Distributions payable to the beneficiary are reported under the beneficiary’s SSN.

You’ll need the institution’s name and billing address (which could be different from the institution’s physical address) and the beneficiary’s school or student ID number. Funds can be sent to the institution only by check and cannot be transmitted electronically.

Online
Log in to your account and click Sell to request the proceeds be sent to the eligible institution by:

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

Phone
Contact us at (800) 421-4225.

Fax/Mail
Complete the CollegeAmerica Distribution Request (PDF). If a signature guarantee isn't required, you can submit the completed form online.

Note: Distributions payable to the eligible institution are reported under the beneficiary’s SSN.