What can you do?
Make withdrawals for college expenses. Refer to your enrollment kit for full details on qualified expenses, which include:
- Tuition and fees
- Books, supplies, and equipment required for enrollment
- Room and board
- Special needs services
You can also take out money as a nonqualified withdrawal, but any earnings on such distributions are subject to federal income taxes as well as a 10% federal penalty tax.
How can you learn more?
529 plan FAQs: paying for college
Find out more about using a 529 plan to pay for higher education expenses.
You have several ways to withdraw money (take a distribution) from your 529 plan account:
- Transfer money from your 529 plan online to another Fidelity account or to an outside bank account with our easy-to-use transfer tool. To use this service, log in to your account and select the transfer tool in the black navigation bar.
- Pay online with Fidelity BillPay® for 529 accounts
- Download and print the College Investing Plan Distribution form (PDF)