1. Address Changes

• If you are the Account Owner, you can change your address online by accessing the My Account secure section of our Web site and updating your profile. You can also change the address of the Successor or Beneficiary at the same time. 
• If you prefer to call, contact us at 1-800-AFFORD-IT (233-6734) Monday - Friday 8:30 a.m. to 6:00 p.m. EST to give us your address change over the phone. Please let us know if the change applies to the Account Owner, Successor or Beneficiary (or all three).
• If you prefer to mail in a form, Address Change Forms can be downloaded or ordered on the Forms page.

If you have a change of address, please report it to CollegeAdvantage online, by phone or in written form as soon as possible. The Account Owner must report the change, and indicate whether the change also applies to the Beneficiary and/or Successor Owner.

2. Changing Beneficiaries
New Beneficiary/Transfer Forms can be downloaded or ordered on the Forms page. At this time, changing the Beneficiary of your CollegeAdvantage account cannot be processed online.

Transferring assets to a new Beneficiary
If you wish to transfer all or part of your CollegeAdvantage account to a new CollegeAdvantage Beneficiary, you must complete a New Beneficiary/Transfer form. In order to have a tax-free transaction, the new Beneficiary must be an immediate member of the family of the original Beneficiary.

The new Beneficiary must have an existing CollegeAdvantage account, or a new account must be opened for him or her. When funds are transferred to a new account, you may change the investment options to which the funds are allocated. Reallocations to a new Beneficiary are not subject to limitations per calendar year on such transactions.

Only the Account Owner can transfer assets from one CollegeAdvantage account to another CollegeAdvantage account. The Account Owner may not change the Beneficiary if the account was established with UTMA or UGMA funds.

Guaranteed Savings Fund only – If the original Beneficiary is under age 18, the value of tuition units transferred to another account can differ.

Changing beneficiaries when rolling out of CollegeAdvantage
If you rollover your assets to another Section 529 Qualified Tuition Program, you can change the Beneficiary when you make the transaction.

(The New Beneficiary/Transfer Form requires a signature guarantee. A signature guarantee, also called a medallion signature guarantee, is a stamped or typed assurance by a financial institution that indicates a signature is valid.)

3. Changing Account Owner or Successor
The Account Owner Change Form and Successor Addition/Change Form can be downloaded or ordered on the Forms page.

Account Owner change
If you wish to change the Account Owner on your account, you must complete an Account Owner Change Form. The Account Owner may not revoke a transfer of ownership of the account. Federal tax law does not specifically address the tax treatment of a transfer of ownership of an account; accordingly, you may wish to consult a tax advisor if changing the Account Owner.
(This form requires a signature guarantee. A signature guarantee, also called a medallion signature guarantee, is a stamped or typed assurance by a financial institution that indicates a signature is valid.)

Successor Owner change or addition
If you wish to change the Successor Owner of your account, or add a Successor Owner if one is not already named, you must complete a Successor Addition/Change Form.
(This form requires a signature guarantee. A signature guarantee, also called a medallion signature guarantee, is a stamped or typed assurance by a financial institution that indicates a signature is valid.)

4. Amending ownership for pre-1996 accounts
Pre-1996 Ownership Amendment Forms can be downloaded or ordered on the Forms page. At this time, amending ownership cannot be completed online.

Accounts established before Oct. 1, 1996
If your account was established before October 1, 1996, the control of the account belongs to the Beneficiary at age 18. You may, however, modify ownership at any time prior to the distribution of funds by completing a Pre-1996 Ownership Amendment Form to change control of the account from the Beneficiary to the Account Owner (Purchaser). This amendment may be useful if you, as the Account Owner, wish to control the disbursement of funds after the Beneficiary is age 18. You may modify ownership at any time prior to the distribution of funds.

5. Name change
To change the name on your CollegeAdvantage account, please submit a letter to CollegeAdvantage 529 Savings Plan, P.O. Box 692196, Cincinnati, Ohio 45269-2196, including the following information:

•Account number(s)

•Individual(s) old name

•Individual(s) new name

•Supporting documentation (copy of marriage license, court documentation, adoption papers, etc)

•The letter signed with the old name and new name