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529 College Plans

You can open a Franklin Templeton 529 College Savings Plan, offered nationwide by the New Jersey Higher Education Student Assistance Authority (HESAA),1 for as many children as you want, with a minimum investment of only $250 per child. You can continue contributing up to a maximum plan value of $305,000 for each child.

You retain control over the plan, with the flexibility to change beneficiaries at any time to any family member. This means if one child decides against attending college, the plan can be earmarked for another person in the beneficiary's family.

While it's hard to find extra dollars to set aside in the typical family's budget, taking this important step today could be especially rewarding tomorrow.

Put time on your side

 

Starting your investment program early can give you the benefit of tax-advantaged compounding.

Saving for college doesn't have to be taxing.

Start saving a little now and you could have a lot when it comes to time to pay for college.

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Examples are for illustrative purposes only and not representative of a particular investment. This calculator does not take into account investment expenses, which if reflected, would lower results shown. Investments do not guarantee any specific rate of return, and you may have a gain or a loss on the amounts invested. Periodic investment plans do not assure a profit and do not protect against a loss in a declining market.

Each plan is subject to an annual program management fee of 0.25% of assets, underlying fund expenses, currently up to 0.97% of assets, which may vary, and sales loads and annual and deferred sales charges, which vary by class of shares. See the Investor Handbook for more complete information.


The main benefit of starting early is harnessing the power of compounding. Combining the power of compounding with the benefits of federal tax-advantaged investing can really help plan earnings increase.

The benefits of tax-free investing

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Examples are for illustrative purposes only and are not representative of a particular investment. This calculator does not take into account investment expenses, which if reflected, would lower results shown. Taxable income assumes a federal marginal tax bracket of 25%. Investments do not guarantee any specific rate of return, and you may have a gain or a loss on the amounts invested. Periodic investment plans do not assure a profit and do not protect against a loss in a declining market.

Each plan is subject to an annual program management fee of 0.25% of assets, underlying fund expenses, currently up to 0.97% of assets, which may vary, and sales loads and annual and deferred sales charges, which vary by class of shares. See the Investor Handbook for more complete information.

Tax benefits are conditioned on meeting certain requirements. Federal income tax, a 10% federal tax penalty, and state income tax and penalties may apply to nonqualified withdrawals of earnings. Generation-skipping tax may apply to substantial transfers to a beneficiary at least two generations below the contributor. See the 529 plan disclosure document for more complete information.

Important Legal Information

Investors should carefully consider plan investment goals, risks, charges and expenses before investing. To obtain an Investor Handbook, which contains this and other information, talk to your financial advisor, go to the Order 529 Literature section on this website, or call Franklin Templeton Distributors, Inc., the manager and underwriter for the plan, at (800) 818-4030. 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 benefits that are only available for investments in its qualified tuition program.

Footnotes

  1. Offered and administered by the New Jersey Higher Education Student Assistance Authority (HESAA); managed and distributed by Franklin Templeton Distributors Inc., an affiliate of Franklin Resources, Inc., which operates as Franklin Templeton Investments. No federal or state guarantee. Principal value may be lost, and investing in the plan does not guarantee admission to college or sufficient funds for college. Please refer to the Investor Handbook for more complete information.

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    For US residents only.