How do I contact Florida Prepaid college?

How do I contact Florida Prepaid college?

  1. 1-800-552-4723.
  2. Contact.

What happens to Florida Prepaid If you go out of state?

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.

Does FL Prepaid expire?

Whether you have a Florida 529 Savings Plan or Florida Prepaid College Plan, you can use your benefits nationwide, not just in Florida. Plus, you have at least 10 years to start using your Prepaid Plan and your 529 Savings Plan never expires.

Can I transfer Florida Prepaid?

Yes. Florida 529 Savings Plan ownership can be transferred at any time to an individual 18 years of age or older and a U.S. citizen or legal U.S. resident. In addition, funds may be transferred from one Florida 529 Savings Plan to another for a member of the student’s family.

Is Florida Prepaid a good deal?

The bottom line is that prepaid tuition plans can be a good deal in some instances. But if you don’t know much about your child’s future, plan to move before your child is college-aged, or generally want to get the best possible return on your investment, you’re likely better off with a regular 529 savings plan.

How do I get my Florida Prepaid refund?

Contact Florida Prepaid via phone at 1-800-552-4723. Press prompt 2 for current Florida Prepaid Plan account information. The phone rep can help adjust changes to your Florida Prepaid Plan, including helping you to request your refund.

Is Florida Prepaid good?

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.)

Do other states accept Florida Prepaid?

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.

Is Florida Prepaid taxable?

There are two types of 529 Plans – Prepaid and Savings, and both Prepaid Plans and Savings Plans are authorized 529 college savings plans. Earnings in 529 Plans are tax-free when they are used for Qualified Higher Education Expenses.

Who is eligible for Florida Prepaid refund?

You must have purchased a Florida Prepaid College Plan in 2008 or later (not a 529 savings plan). Student(s) must be projected to be enrolled in college for the year 2020 or later. Note that this may apply to multiple plans per family. More plans equals more refunds!

Is Florida prepaid or 529 better?

As tempting as their proposition sounds, prepaid tuition plans are better in theory than in reality. In most cases, the same amount of money invested in a conventional age-based 529 college savings plan will go much further, and there are fewer restrictions on how you can use the money.

Which is better 529 or prepaid?

A 529 that is heavily weighted in stock investments may have much higher earning potential than a prepaid plan, but with prepaid plans, parents are shielded from investment risk as returns are consistently positive – even if significantly below the rate of inflation.