Plan Benefits

Florida Prepaid College Plan Benefits

For beneficiaries (students) for whom a new Florida Prepaid College Plan is purchased on or after October 18, 2010:

Florida Prepaid College Plan

The Florida Prepaid College Plan covers the registration fees (the tuition, financial aid, building, Capital Improvement Trust Fund fees), local fees (activity and service, athletic and health fees) and tuition differential fee at Florida's state universities and the registration fees (the tuition, Capital Improvement and financial aid fees) and local fees (the student activity and service and technology fees) at Florida Colleges (formerly known as community colleges). There are four different Florida Prepaid College Plan options available during the 2011-2012 open enrollment:

• 4-Year Florida University Plan: Covers 120 university undergraduate credit hours.
• 2 + 2 Florida Plan: Covers 60 lower division Florida College credit hours and 60 university undergraduate credit hours.
• 4-Year Florida College Plan: Covers 60 lower division Florida College credit hours and 60 upper division Florida College credit hours.
• 2-Year Florida College Plan: Covers 60 lower division Florida College credit hours.

Dormitory Plan

An optional University Dormitory Plan covers payment for a standard, double-occupancy, air-conditioned dormitory room at a Florida state university. The dormitory plan can be purchased in one-year increments up to a total of four years and is offered only for children in the eleventh grade or below. You may purchase a dormitory plan for a child enrolled in a 4-Year Florida University Plan or a 2 + 2 Florida Plan. If you have a 2 + 2 Florida Plan, you can only purchase the one-year dormitory plan or the two-year dormitory plan. You cannot purchase a dormitory plan for a child with a 4-Year Florida College Plan or a 2-Year Florida College Plan. Dormitory fees vary by college, therefore, plan prices are based on a weighted statewide average.

For beneficiaries (students) who have a Florida Prepaid College Plan contract which includes a Tuition Plan:

Tuition Plan

The Tuition Plan covers the registration fees, which include the tuition, financial aid, building and Capital Improvement Trust Fund fees at Florida's state universities and Florida Colleges (formerly known as community colleges). There are three different Tuition Plans:

• 4-Yr University Tuition Plan: Covers 120 university undergraduate credit hours
• 2 + 2 Tuition Plan: Covers 60 lower division Florida College credit hours and 60 university undergraduate credit hours
• 2-Yr FL College Tuition Plan (formerly known as 2-Year Community College Tuition Plan): Covers 60 lower division Florida College credit hours

Tuition Differential Fee Plan

The Tuition Differential Fee Plan covers the tuition differential fee charged by a public university in Florida pursuant to Section 1009.24(16), Florida Statutes. All state universities in Florida charge this fee. Beneficiaries whose contracts were in effect prior to July 1, 2007 and include the 4-Yr University Tuition Plan or the 2 + 2 Tuition Plan, are exempt from the tuition differential fee. The Tuition Differential Fee Plans do not include payment of Local Fees or other institutionally-imposed fees.

Local Fee Plan

The Local Fee Plans cover the required activity and service, health and athletic fees charged by Florida's state universities and/or the required student activity and technology fees charged by Florida Colleges (formerly known as community colleges). The Local Fee Plans do not include payment of the tuition differential fee or other institutionally-imposed fees.

Dormitory Plan

The Dormitory Plan covers the cost of a standard, double-occupancy, air-conditioned dormitory room at a Florida state university. The Dormitory Plan can be purchased in one-year increments up to a total of four years and is offered only for children in the eleventh grade or below. You may purchase a Dormitory Plan to supplement a previously purchased 4-Yr University Tuition Plan or a 2 + 2 Tuition Plan. A Dormitory Plan cannot be purchased for a child with a 2-Yr FL College Tuition Plan (formerly known as a 2-Year Community College Tuition Plan).

Use Florida Prepaid College Plan Benefits at a Private Florida or an Out-of-State University or College

The Prepaid Plan may be used at any eligible educational institution as defined in Section 529 of the Internal Revenue Code. You may use the Transfer Form to request using your Florida Prepaid College Plan at an out-of-state college or private college in Florida.

Transfer Form

Request a Scholarship Refund from the Florida Prepaid College Plan

If the beneficiary(student) receives a scholarship, he or she can still use the Florida Prepaid College Plan and, in most cases, use the scholarship to cover other college expenses. It depends upon the type of the scholarship the student receives. The scholarship refund will be based on the value of the beneficiary's prepaid plan. Scholarship refunds are paid by semester and must be requested, in writing, each semester.

Scholarship Refund Form

Request an Unavailable Dormitory Refund from the Florida Prepaid College Plan

If the beneficiary (student) is unable to use the dormitory plan due to insufficient housing space, the account owner may provide proof from the university housing authority of dormitory unavailability on a semester by semester basis and receive a refund.

Unavailable Dormitory Refund Form