How It Works

• January 10, 2019

  How It Works

  How are my payments used in a Florida Prepaid Plan?

  The price you pay for your Florida Prepaid Plan is less than what college is expected to cost in the future. So when we receive a payment on your plan, we invest the funds to earn the additional monies necessary to pay for future college costs. We handle all of…

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• January 10, 2019

  How It Works

  How are Florida Prepaid Plan prices determined?

  Florida Prepaid Plan prices are actuarially determined. They take into consideration current tuition and fee rates, tuition inflation and investment yields. The current tuition and fee rates are based on a weighted average of fees charged by Florida Colleges and Florida Universities, as applicable. The price you pay for your…

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• January 10, 2019

  How It Works

  Can I lose money in a Florida Prepaid Plan?

  No. Every Florida Prepaid Plan is guaranteed by the State of Florida, so you can never lose what you’ve paid in.…

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• January 10, 2019

  How It Works

  What happens if the cost of college is different than what was expected?

  If the future cost of college rises even more than we expected when we priced your plan, we still pay the fees covered by your plan at the time your student uses their benefits. That is one of the major advantages of a Prepaid Plan, and it’s backed by a…

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• January 10, 2019

  How It Works

  How does a Florida Prepaid Plan work?

  A Florida Prepaid College Plan allows families to lock in college plan prices and prepay, on a monthly or lump-sum basis, the future cost of college tuition, tuition differential fee, local fees and, optionally, dormitory housing. When your student is ready for college, the Plan pays the costs covered under…

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