If you or the student move out of state, your plan will continue as if you never left. As another added bonus for owning a Florida Prepaid Plan, if your student attends a Florida College or State University, they will be considered an in-state resident for tuition purposes because they have a Florida Prepaid Plan.
Can you transfer Florida Prepaid out-of-state?
No. 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.
Can you get Florida Prepaid money back?
Yes, you may cancel your Florida Prepaid Plan at any time and for any reason. You may request a refund equal to the payments that you have made, less any fees, usage and refunds.
What out-of-state schools take Florida Prepaid?
Prepaid Plan benefits can be used at any qualified educational institution nationwide, public or private – the Plan will pay the same amount as it would pay a Florida school. Students planning to attend an out-of-state school must log in to their account and complete a Transfer Authorization request.
How much does it cost to cancel Florida Prepaid?
Your refund will be equal to the payments that you have made, less any previous refunds, and a fee of up to $50 per plan or 50% of the amount paid to the board, whichever is less, may be assessed upon termination of the plan.
Is Florida Prepaid plan worth it?
As prepaid tuition plans go, it isn’t bad. It’s one of the less-risky options, as it’s backed by the full faith and credit of the state. (Florida’s credit rating is excellent per several credit ratings agencies.)
How do I cancel my Florida Prepaid college?
Please contact our customer service department at 1.800. 552.
Can I transfer Florida Prepaid?
You can transfer your plan to another child.
If the original student does not use their Florida Prepaid Plan benefits, you may request a refund or transfer the benefits to a sibling, step-sibling or other qualified family member.
How does Florida Prepaid refund work?
Full Refund – You may choose to recontribute the funds back to the Prepaid Plan or Florida 529 Savings Plan account for future use by the student. Please note that Prepaid Plan dormitory benefits are offered on a semester basis; therefore, a full refund is required to restore a semester to a dormitory Prepaid Plan.
Does University of Miami accept Florida Prepaid?
The University of Miami accepts the Florida Prepaid College Program.
How do I transfer my Florida Prepaid to another school?
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To transfer the benefits of a prepaid plan, the account owner or beneficiary must complete and mail this form to: Florida Prepaid College Plan, PO Box 6567, Tallahassee, FL 32314-6567. Or FAX to: 850-309-1766. Please allow up to four weeks for processing.
Does university of Tampa accept Florida Prepaid?
Florida Prepaid (FLPP)
Your prepaid plan may be used at The University of Tampa. The Florida Prepaid College Plan will transfer an amount equal to the value of the prepaid plan(s) at the time of enrollment. The state determines the value of the plan at the beginning of each academic year.
Does FIU accept Florida Prepaid?
Pay with Prepaid. At FIU, students participating in the Florida Prepaid College Program will not have to show their Florida Prepaid cards to verify that they are participants. You simply need to verify that your Social Security Number and Date of Birth is correct in both the FIU and Florida Prepaid systems.
How long do you pay for Florida Prepaid?
When you sign up for your plan, you’re given the option of paying in one lump sum, over 5 years, or monthly until high school graduation. The monthly payment will be in your contract and will be the same until the child is ready to use the Plan.
Does Florida Prepaid cover graduate school?
Can a Florida Prepaid Plan be used to pay for the cost of vocational or graduate school? Yes. We will transfer the value of the plan purchased to pay costs at any Eligible Educational Institution – including vocational schools and graduate programs.
Is Florida Prepaid considered a scholarship?
– The Florida Prepaid College Foundation will award two free years of college to 10 Florida families, through the Florida Prepaid Scholarship Program that launched today. The annual scholarship program runs between September 25 and October 29, 2017.
Does Florida Prepaid cover dorms?
The University Dormitory Plan is designed to be used at approved standard double-occupancy dormitory rooms at State Universities in Florida; however, all university-held* housing options are eligible for payment from Florida Prepaid.
How do I access my Florida Prepaid money?
You may request a withdrawal from your Florida 529 Savings Plan online at myfloridaprepaid.com – we can send the money to you, to your student, or directly to an Eligible Educational Institution.
What is a survivor in Florida Prepaid college plan?
You may designate yourself or another individual as the new account owner and you may also designate a new survivor. Any person designated to be the new account owner or survivor must be 18 years of age or older and a citizen or resident alien of the United States.
Does Georgia Tech take Florida Prepaid?
Georgia Tech does not invoice Florida Prepaid. As an invoice is required, you may obtain an invoice here.
Does Georgia Southern take Florida Prepaid?
Do you accept Florida Prepaid or other 529 plans? Yes, most states allow students to use their pre-paid money for any college, whether or not it is in-state or out-of-state. Students with a prepaid account should contact the program for specific information regarding specifics about the use of the funds.
