Eligibility: |
Prepaid Plan: Anyone, who is at least 18 years old, can purchase a plan. The account owner must be a U.S. citizen or resident alien.
The beneficiary (student) must be a child in the 11th grade or younger. The beneficiary or the beneficiary's parent/guardian must be a Florida resident. The beneficiary must also be a U.S. citizen or resident alien.
Investment Plan: Anyone, who is at least 18 years old, can open an account.
You can open an account for a child, an adult or yourself. The account owner and the beneficiary (student) do not have to be Florida residents, but both must be U.S. citizens or resident aliens. |
Cost: |
Depends on the type of plan you buy. You can purchase separate plans to cover tuition, local fees and dormitory housing. Can be applied to any of Florida 's 11 public universities or 28 community colleges. You can transfer the value of the plan – the same amount the Florida Prepaid College Plan pays a public college in Florida – to most private colleges in Florida , select technical schools and most out-of-state colleges. Plans can be purchased for newborns through 11 th graders.
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Application and info: |
This option allows the purchaser to lock in the cost of tuition, local fees and dormitory housing at a fixed price today. The plan guarantees to cover the actual cost at a Florida public college when your child goes to college. Together, the tuition plan, local fee plan and dormitory plan cover about half the total cost of sending a child to a public college in Florida : http://www.florida529plans.com/
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