Below you will find the various ways you can withdraw money for education expenses.
To make an online withdrawal:
To make a withdrawal by phone to the account owner or to the school directly, please call Franklin Templeton at 1-866-362-1597.
Phone requests can be made for the following:
Requesting a check made payable to:
Requesting an Automated Clearing House transaction made payable to:
To make a withdrawal by mail for proceeds to be sent directly to the school (if on file), a third party, or a new checking/savings account:
The withdrawal form can be faxed to 1-727-299-8719 or mailed to:
Regular Mail
Franklin Templeton 529 College Savings Plan
P.O. Box 33090
St. Petersburg, FL 33733-8090
Overnight Mail
Franklin Templeton 529 College Savings Plan
100 Fountain Parkway
St. Petersburg, FL 33716-1205
Please note: The withdrawal form cannot be faxed if a signature guarantee is required.
A signature guarantee may be required if the distribution request indicates the following:
All requests must be made by the account owner. Franklin Templeton Investments does not take distribution instructions from a beneficiary.
Investors should carefully consider 529 plan investment goals, risks, charges and expenses before investing. To obtain the Investor Handbook, which contains this and other information, talk to your financial advisor or call Franklin Templeton Distributors, Inc., the manager and underwriter for the 529 plan at (800) DIAL BEN / (800) 342-5236 or visit franklintempleton.com. You should read the Investor Handbook carefully before investing and consider whether your, or the beneficiary’s, home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in its qualified tuition program.
Each plan account is subject to an annual program management fee of 0.25% of assets and underlying fund expenses, currently up to 0.96% of assets, which may vary, and sales charges, which vary by class of shares. See the Investor Handbook for more complete information.