Louisiana Start Saving Program Disbursement Request
This file is essential for account owners to request funds for qualified higher education expenses. It serves as a formal request for disbursement to support the beneficiary's educational needs. Complete the form accurately to ensure timely processing of your request.
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How do I fill this out?
To fill out this form, ensure you have all necessary personal information readily available. Carefully read each section and provide accurate details to avoid any delays. After completing the form, review all sections for any errors before submission.
How to fill out the Louisiana Start Saving Program Disbursement Request?
1
Gather all required information for both account owner and beneficiary.
2
Complete all sections of the disbursement request form.
3
Specify the amount to be disbursed and the recipient.
4
Indicate the educational term and beneficiary's enrollment status.
5
Sign and date the form before submission.
Who needs the Louisiana Start Saving Program Disbursement Request?
1
Parents wishing to pay educational expenses for their children.
2
Students seeking financial assistance for their college tuition.
3
Financial aid advisors needing to facilitate education expenses.
4
Educational institutions managing incoming funds from accounts.
5
Account owners wanting to access their saved funds for education.
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What are the instructions for submitting this form?
To submit the completed form, please send it to the START Saving Program via mail at PO Box 91271, Baton Rouge, LA 70821-9271, or fax it to (225) 612-6497. You may also contact them via telephone at 1-800-259-5626 for any inquiries. Ensure to send the request at least 30 days before you need the funds to ensure timely processing.
What are the important dates for this form in 2024 and 2025?
Important dates for submitting this form are not explicitly provided. However, the recommendation is to submit the request at least 30 days before the required disbursement date. Consider checking with your institution's academic calendar for term-specific timelines.
What is the purpose of this form?
The purpose of this form is to facilitate the disbursement of funds from the START Saving Program account for qualified higher education expenses. This ensures that beneficiaries can access necessary financial resources in a timely manner to cover tuition, fees, and other educational costs. Completing this form accurately is crucial for maintaining the integrity of the funding process.
Tell me about this form and its components and fields line-by-line.
- 1. Account Owner's Name: The name of the individual who owns the START Savings account.
- 2. Account Number: The unique identifier for the account from which funds will be disbursed.
- 3. Beneficiary's Name: The name of the individual who will benefit from the disbursement.
- 4. Amount to be Disbursed: The total dollar amount requested for disbursement.
- 5. Disbursement Instructions: Instructions on who the disbursement will be sent to.
- 6. Beneficiary's Enrollment Status: Indicates whether the beneficiary is enrolled full-time, half-time, or less.
- 7. Institution Details: Information about the eligible institution the beneficiary is attending.
What happens if I fail to submit this form?
If the form is not submitted correctly, there can be delays in processing your disbursement request. Additionally, missing information may require you to resubmit the form, prolonging the time before funds are available. Ensure all sections are completed to avoid these issues.
- Incomplete Information: Missing details can lead to delays in processing the requests.
- Incorrect Amounts: Errors in the requested amount may prevent the disbursement from being processed.
- Missing Signatures: Form must be signed to validate the request; otherwise, it will be rejected.
How do I know when to use this form?
- 1. Tuition Payments: Use the form to cover tuition costs for the beneficiary.
- 2. Book and Equipment Costs: Request funds for books and necessary educational equipment.
- 3. Room and Board: Submit the form to pay for eligible accommodations.
- 4. Special Needs Services: Use this form to request funding for special services required by students.
- 5. Educational Fees: Request payment for various educational fees that are required.
Frequently Asked Question
What information is required on this form?
You need to provide your name, account number, beneficiary's details, and the amount for disbursement.
How long before I need to submit this form?
It is recommended to submit this form at least 30 days before funds are needed.
Can I submit this form electronically?
Currently, submissions must be made through physical mail or fax, as electronic submissions are not yet available.
What happens after I submit my request?
Your request will be processed, and you will be notified of any disbursement approvals.
Are there any fees associated with this disbursement?
There are no fees for this disbursement as it pertains to your saved educational funds.
Can I request multiple disbursements?
Yes, you can submit separate forms for each educational term needed.
What if I need to change my disbursement amount?
You will need to submit a new form with the revised amount.
How is my disbursement amount determined?
The disbursement amount cannot exceed the current value of your account or the total qualified higher education expenses.
Is a parent signature required if the beneficiary is a minor?
Yes, a parent or guardian’s signature is necessary for minors.
Where can I find this form?
The form is available on the Louisiana Start Saving Program website.
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