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What is a Florida Prepaid college plan?

A Florida Prepaid College Plan allows families to lock in college plan prices and prepay, on a monthly or lump-sum basis, the future cost of college tuition, tuition differential fee, local fees and, optionally, dormitory housing.

Can Florida prepaid be taken away?

Myth #4: Ill lose all of my Prepaid Plan savings if I dont go to college. Facts: You can transfer your plan to another eligible family member or cancel your plan for a full refund of what youve paid in. Florida Prepaid Plans are guaranteed by the State of Florida, so you cannot lose your investment.

How do I know if I qualify for the Florida Prepaid college Program?

You may enroll any Florida resident with a valid Social Security number who is a U.S. citizen or resident alien, at any age, and at any time. Its never too early, or too late, to save for college.

Whats the difference between a 529 and Florida Prepaid?

Unlike a 529 plan, a Florida prepaid tuition plan locks in the price of tuition at the time of enrollment.

How much does Florida Prepaid pay?

Amount FL Prepaid Covers: *The amount billed to FL Prepaid ranges from $117.08 to $198.02 per credit hour and depends on what type of plan you have as well as when it was purchased.

Is Florida Prepaid only for Florida residents?

While Florida residency is required to purchase a Florida Prepaid Plan, it is not required to keep one. If you or your student move out of state, your plan will continue as if you never left. Your child will be considered an in-state resident for tuition purposes because they have a Florida Prepaid Plan.

How do I set up Florida Prepaid with college?

Beneficiaries planning to attend a private or out-of-state institution must submit a Transfer Authorization before benefits are paid. Complete a Transfer Authorization online by logging into your account and navigating to the desired Prepaid Plan. Select See Usage and complete the authorization form.

Does Florida prepaid cover meal plan?

What does the plan cover? Tuition and fees (Tuition Differential Fee and Local Fees). All qualified educational expensestuition, fees, housing, meal plans, books and supplies.

Does Florida prepaid pay for everything?

Every Prepaid Plan is guaranteed by the State of Florida to pay the tuition and fees covered by your plan, and you can never lose what you have paid into the plan.

Where can I use my Florida prepaid?

While Florida Prepaid Plans are designed to be used at a Florida College or State University, the plans can also be applied at other schools nationwide. Plans can be used at in-state, out-of-state, public or private schools around the country or even the world.

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