Get the free COLLEGEWEALTH® DISTRIBUTION REQUEST

Este formulario se utiliza para solicitar una distribución de su cuenta CollegeWealth. Complete un formulario de solicitud de distribución para cada beneficiario individual. Debe indicar la cantidad

How to fill out collegewealth distribution request

How to fill out COLLEGEWEALTH® DISTRIBUTION REQUEST

1. Obtain the COLLEGEWEALTH® DISTRIBUTION REQUEST form from your college or institution's financial office.
2. Fill in your personal information including your name, address, and student ID number, if applicable.
3. Specify the type of distribution you are requesting, such as funds for tuition, books, or other educational expenses.
4. Indicate the amount of money you are requesting to withdraw.
5. Provide supporting documentation if required, such as receipts for expenses.
6. Review your filled form for accuracy and completeness.
7. Sign and date the form to certify that the information provided is true and correct.
8. Submit the form to the appropriate department or office as instructed.

Who needs COLLEGEWEALTH® DISTRIBUTION REQUEST?

1. Students enrolled in educational programs who have accounts with COLLEGEWEALTH® and need to access their funds for educational expenses.
2. Parents or guardians managing a COLLEGEWEALTH® account on behalf of their dependent students.
3. Individuals looking to request a distribution from their COLLEGEWEALTH® savings or investment for qualified educational purposes.

People Also Ask about

Are College America and American Funds the same?

CollegeAmerica® is a Commonwealth Savers partnership with Capital Group, home of American Funds, one of the oldest and largest mutual fund companies in the country.

How do I contact College America 529?

Contact us at (800) 421-4225. 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 account owner are reported under the account owner's SSN.

How do I withdraw money from my 529 plan?

* Withdrawals from Roth accounts are tax- and penalty-free if the account was established at least five years before, and if the participant is at least 59½ years old, disabled or deceased. For nonqualified distributions, earnings are taxable and may be subject to a 10% early withdrawal penalty.

Who is the successor owner of College America 529?

A successor owner/custodian: Must be a U.S. citizen, a legal U.S. resident, a trust or an entity. Must be of legal age to own securities (18 years old in most states) May be the same person as the beneficiary.

What is the name of the American Funds 529 plan?

CollegeAmerica is a nationwide plan sponsored by Commonwealth Savers. Investment professionals gradually adjust a college target date portfolio over time so that it becomes more preservation-oriented.

How do I contact American funds College America 529?

Offer low fees, built-in simplicity and high ratings from CollegeAmerica® 529 plans, including American Funds target date funds. For more information, call us at (800) 421-9900. Investors, please contact your financial professional.

What is the penalty for withdrawing from American funds?

529 plans do not have specific withdrawal deadlines. A 529 plan account owner is not required to take a distribution when the beneficiary reaches a certain age or within a specified number of years after high school graduation, and funds can remain in the 529 plan account indefinitely.

How to withdraw 529 funds from American funds?

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: Phone. Contact us at (800) 421-4225. Fax/Mail. Complete the CollegeAmerica Distribution Request (PDF).

Is College America a good 529 plan?

CollegeAmerica is the nation's largest 529 savings plan,† with approximately 2.8 million families invested nationwide. * As a matter of fact, our 529 plan has been among Morningstar's highly rated advisor-sold 529 college savings plans since 2004, the year they began issuing ratings.

What expenses are eligible for American funds 529?

College room and board. Books and supplies, including textbooks, paper, pens or additional supplies required by specific classes (for example, a camera for a photography class). Computers and supplies, including laptops, printers, educational software and internet services. Certain apprenticeship program expenses.

For pdfFiller’s FAQs

What is COLLEGEWEALTH® DISTRIBUTION REQUEST?

COLLEGEWEALTH® DISTRIBUTION REQUEST is a formal request submitted to access funds held in a college savings or investment account, allowing account holders to withdraw money for qualified educational expenses.

Who is required to file COLLEGEWEALTH® DISTRIBUTION REQUEST?

Account holders of COLLEGEWEALTH® plans or beneficiaries who wish to withdraw funds for educational purposes are required to file the COLLEGEWEALTH® DISTRIBUTION REQUEST.

How to fill out COLLEGEWEALTH® DISTRIBUTION REQUEST?

To fill out the COLLEGEWEALTH® DISTRIBUTION REQUEST, provide required details such as account information, beneficiary information, the amount requested, the purpose of the withdrawal, and any necessary supporting documentation.

What is the purpose of COLLEGEWEALTH® DISTRIBUTION REQUEST?

The purpose of the COLLEGEWEALTH® DISTRIBUTION REQUEST is to enable account holders to access funds specifically for educational expenses, ensuring that the money is used in accordance with legal and plan requirements.

What information must be reported on COLLEGEWEALTH® DISTRIBUTION REQUEST?

The information that must be reported includes the account holder's details, beneficiary's details, the specific amount being requested, the intended use of funds, and any required identification or documentation to support the request.