To withdrawal money from a 529 plan, start by calculating education expenses that meet the qualifying criteria. Ensure your budget is within the set limits. If the beneficiary has multiple 529 accounts, decide which account to withdraw from first. Preferably, use a parent account first and a relative later in the final years of the student. You can then initiate the withdrawal request. Depending on your loan servicer, you can use either an online platform, mailing a filled withdrawal request form, or making a telephone call.