To access your scholarship funds and account status
Contact Stacie Williams at Morgan Stanley
Her phone numbers & email address ~
Main: (800) 488-9880
Direct: (314) 889-9842
Please DO NOT contact Putnam for account information or distribution, as it will only delay the process. Once again. ALL questions and concerns are directed to Stacie Williams at Morgan Stanley.
Frequently Asked Questions
What expenses are covered under the 529 plan?
Qualified higher education expenses include:
- Supplies and equipment required for enrollment
- Room and board (the cost of room and board expenses is determined by each educational institution for federal financial aid purposes)
Note: Beneficiaries must be enrolled at least half time to qualify for room and board coverage
“Special Needs” that are necessary in connection with enrollment or attendance at college
A college class taken by a high school student would count as a qualified 529 expense, regardless of whether the student has graduated from high school or is enrolled in the college
Examples of what is NOT COVERED:
Parking, athletic equipment for team sports, car purchases, etc.
What information do you need in order to process a distribution?
- Date of Birth
- Social Security Number
- List of Expenses
- Dollar Amount of Expenses
- Name of School Attending
- Student ID #
- Address to mail the Distribution
Please note that it is the beneficiary’s responsibility to maintain records of higher education expenses. As the distributions are disbursed under the beneficiary’s social security, the Federal Government would come to the beneficiary for evidence of how the funds were utilized.
How long does a distribution take?
Distributions are overnighted to Putnam and Putnam processes the same day they are received in good order. Checks are mailed out from Putnam the following business day.
Can I pay for the expenses and be reimbursed or does payment have to go directly to the college?
Distributions can be directed to the beneficiary or the institution. It is very important to take the distribution in the same calendar year that the qualified expense occurred. Otherwise, penalties and taxes may apply.
How do I know the school I want to attend is “covered” under the Federal Regulation?
Go to the website: https://fafsa.ed.gov
Click on “School Code Search”.
Who do I contact in order to get a disbursement?
Stacie Williams, Morgan Stanley, 314-889-9842