Using Your Plan

• January 31, 2019

  Using Your Plan

  Will tax documents be received when a Florida 529 Savings Plan is used?

  Yes. A Form 1099-Q will be provided in January of each year to students who have used their plan during the previous calendar year. In addition, a Form 1099-Q will be provided to an Account Owner who has received funds during the year. Tax documents will be available online at …

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• January 31, 2019

  Using Your Plan

  How long do withdrawals take?

  We issue withdrawals in two forms, via electronic funds transfer and via paper check. Electronic transfers are generally delivered within 3 days after a completed request is received. Paper checks are generally delivered within 45 days after a completed request is received. For security purposes, we may delay issuance of…

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• January 31, 2019

  Using Your Plan

  How do I make withdrawals from a Florida 529 Savings Plan?

  You may request a withdrawal from your Florida 529 Savings Plan online at myfloridaprepaid.com – we can send the money to you, to your student, or directly to an Eligible Educational Institution.…

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• January 31, 2019

  Using Your Plan

  Does having a Florida 529 Savings Plan guarantee admission to a college or university?

  No. It is the responsibility of each student to qualify for admission to the college or university of their choice.…

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• January 31, 2019

  Using Your Plan

  Does a Florida 529 Savings Plan have to be used at a Florida college or university?

  No. Your Florida 529 Savings Plan can be used at any Eligible Educational Institution. An Eligible Educational Institution is an accredited postsecondary institution offering credit toward a bachelor’s degree, an associate’s degree, a graduate-level or professional degree, or another recognized postsecondary credential. Certain proprietary institutions and postsecondary vocational institutions are…

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• January 31, 2019

  Using Your Plan

  What college costs can a Florida 529 Savings Plan be used to pay for?

  Your Florida 529 Savings Plan can be used to pay for any Qualified Higher Education Expense as defined in Section 529 of the federal tax code. They include: Tuition; Fees; Room and board expenses during an academic period in which the student is enrolled at least half-time in a degree,…

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• January 31, 2019

  Using Your Plan

  How long do you have to use a Florida 529 Savings Plan?

  There is no set time period for using your Florida 529 Savings Plan.…

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• January 31, 2019

  Using Your Plan

  Where can a Florida 529 Savings Plan be used?

  Your Florida 529 Savings Plan can be used at any …

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• January 31, 2019

  Using Your Plan

  When can a Florida 529 Savings Plan be used?

  Your Florida 529 Savings Plan can be used at any time.…

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