Here's how to handle common transactions related to your Direct Plan account.
By logging on to your account, you can perform many transactions online (as indicated below). Or you can have forms mailed to you by calling 877-697-2837.
Account Information Change Form
Beneficiary Change Form
Change of Ownership Form
Transfer your entire account balance to a new account owner.
Exchange / Future Contribution (Allocation) Form
Payroll Deduction Instruction Form
Add, change, or delete the payroll deduction instructions for your account.
Recurring Contribution (Automatic Investment Plan) / Electronic Bank Transfer Form
Additional Purchase Form
Incoming Rollover Form
Roll over assets from another 529 plan or an education savings account directly (that is, if the previous custodian still holds your funds).
Withdrawal Request Form
Direct Rollover Out to Roth IRA
Initiate a direct rollover of assets to a Roth IRA account
Form W-9: Request for Taxpayer Identification Number and Certification
Certify the Social Security Number or Individual Taxpayer Identification Number for the account owner or beneficiary.
Authorization to Access 529 Plan Accounts
Designate a registered investment advisor or other financial consultant as your agent with limited authority to obtain information regarding your accounts.
Durable Power of Attorney and Indemnification Agreement
Grant one or two people the ability to act on your accounts.
Talk with one of our education savings specialists.
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Investment returns are not guaranteed, and you could lose money by investing in the Direct Plan.
For more information about New York's 529 College Savings Program Direct Plan, download a Disclosure Booklet and Tuition Savings Agreement or request one by calling 877-NYSAVES (877-697-2837). This document includes investment objectives, risks, charges, expenses, and other information. You should read and consider them carefully before investing.
Before you invest, consider whether your or the beneficiary's home state offers any state tax or other benefits that are only available for investments in that state's 529 plan. Other state benefits may include financial aid, scholarship funds, and protection from creditors.
The Comptroller of the State of New York and the New York State Higher Education Services Corporation are the Program Administrators and are responsible for implementing and administering the Direct Plan.
Ascensus Broker Dealer Services, LLC, serves as Program Manager and, in connection with its affiliates, provides recordkeeping and administrative support services and is responsible for day-to-day operations of the Direct Plan. The Vanguard Group, Inc., serves as the Investment Manager. Vanguard Marketing Corporation provides marketing and distribution services to the Direct Plan.
No guarantee: None of the State of New York, its agencies, the Federal Deposit Insurance Corporation (FDIC), The Vanguard Group, Inc., Ascensus Broker Dealer Services, LLC, nor any of their applicable affiliates insures accounts or guarantees the principal deposited therein or any investment returns on any account or investment portfolio.
New York's 529 College Savings Program currently includes two separate 529 plans. The Direct Plan is sold directly by the Program. You may also participate in the Advisor-Guided Plan, which is sold exclusively through financial professionals and has different investment options and higher fees and expenses as well as financial professional compensation.
This website contains links to other websites as a convenience to users. However none of the Program; The New York State Office of the State Comptroller; the New York State Higher Education Services Corporation; The Vanguard Group, Inc.; Ascensus Broker Dealer Services, LLC; nor any of their affiliates endorses or takes any responsibility for any such website or for any information contained thereon, except, in each case, with respect to their own websites.
© 2023 New York's 529 College Savings Program Direct Plan.