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Florida Prepaid College Plan
Frequently Asked Questions



Applications

Q: When may I apply for the Florida Prepaid College Plan?

A: Annual enrollment for the Florida Prepaid College Plan is open October 20, 2008 through January 31, 2009. To receive today’s plan prices, you must sign up during the enrollment period. 

Q: How do I purchase a plan?

A: You may Sign Up Today online or you may Order An Enrollment Kit and application by mail.

Q: I have submitted an application for the plan. What should I expect?

A: Processing for completed applications takes approximately six to eight weeks. If you have not received confirmation of your application by that time, please call Customer Service at 1-800-552-GRAD (4723) to inquire about the status of your application. If an application is incomplete or lacks sufficient documentation to determine residency, we notify the applicant immediately. Please call Customer Service at 1-800-552-GRAD (4723) if you have any questions regarding such notification.

Q: When is my first monthly or lump-sum payment due?

A: There are three ways to pay for your Florida Prepaid College Plan:

  • Lump-Sum Payment Plan – A single, one-time payment due on April 20, 2009.

  • 5-Year Payment Plan – A total of 55 equal monthly payments, starting in April 2009 and ending in October 2013. Payments are due on the 20th of each month.

  • Monthly Payment Plan – Equal monthly payments, starting in April 2009 and ending in October of the year the child is expected to start college. Payments are due on the 20th of each month.

Q: Do I receive an official document outlining the terms and conditions of the Prepaid contract?

A: Yes. A Master Covenant that outlines the terms and conditions of the contract is provided to every account owner. The Prepaid Plan Master Covenant may be reviewed in the "Contract Documents" section of this site. You will also receive a personalized participation agreement confirming the plan and payment method you have chosen.

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