Explore these frequently asked questions.

You can transfer an account to another owner using our Change Account Owner Form.

Any U.S. citizen or resident with a valid Social Security number or tax ID can be a beneficiary.

It can, depending on who owns the account. In most cases, your Embark balance will have a minimal effect on the amount of aid you receive and will end up helping you more than hurting you.

You can change beneficiaries by logging into your Embark account online, clicking “Transfers” and choosing “Between beneficiaries.” Then follow a few more steps to complete the process.

No, but starting an Embark account is quick, easy, and only requires an initial contribution of $25, which is why most Embark account holders choose to open an account for each of their children.

Yes! Because every account beneficiary must have a valid Social Security number, you’ll need to open an account in your own name, and switch the beneficiary to your child when they’re born.

In the event that your beneficiary dies or becomes disabled, you can withdraw the funds in your account.

If your beneficiary gets a full or partial scholarship, you can withdraw your contributions up to the amount of the scholarship without a penalty.

If you end up with excess funds saved in your Embark account, you have a few options.

The Uniform Gifts to Minors Act and Uniform Transfers to Minors Act allow minors to own assets (like stocks, bonds, mutual funds, annuities, or insurance policies) held in a custodian’s name, without needing an attorney to set up a special trust fund.

A "family member" is broadly defined as a beneficiary's blood relative or relative by marriage or adoption.