Cancellation - Other Options

Did you know that there are alternatives to canceling your Florida Prepaid College Plan?

1. You have ten years from the projected college enrollment year to use the plan, and the benefits can be extended another ten years.
2. You may keep your tuition plan and just cancel dormitory and/or local fee plans.
3. You may downgrade a plan prior to canceling your account. (Please contact our customer service department Monday – Friday 8am to 6pm EST)
4. Your plan may be transferred to a member of the family of the current beneficiary.(For this purpose a child includes a legally adopted child and a brother or sister includes a half-brother or a half-sister. Also, if the substitute beneficiary is more than 3 years older than the original beneficiary, you may be required to make a supplemental payment to the plan.) 
   
   
   • A son or daughter , or descendant of either
   • A stepson or stepdaughter
   • A brother, sister, stepbrother, or stepsister
   • The father or mother, or an ancestor of either
   • A stepfather or stepmother
   • A son or daughter of a brother or sister
   • A brother or sister of the father or mother
   • A son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, or sister-in-law
   • The spouse of any of the foregoing individuals, including the beneficiary
   • A first cousin of the beneficiary

   Beneficiary Change Form

5. Scholarship Refund

   If the beneficiary has received a scholarship, you do not have to cancel your plan. Scholarship refunds are issued on a semester by semester basis, and reimbursement requests are required each semester.

   A scholarship refund is available if the account owner submits

   • A signed letter or “Scholarship Form”
   • A copy of the award letter or receipt showing payment
   • The beneficiary’s class schedule with the credit hours and school name for the semester in which the refund is requested

   Scholarship Refund Form

6. Unavailable Dorm Refund

   The Florida Prepaid College Plan will issue an Unavailable Dorm Refund so you do not have to cancel your dormitory plan.

   An unavailable dorm refund is available if the account owner submits

   • A signed letter
   • A letter from the University stating that no dorm room is available
   • Copy of the beneficiary’s class schedule verifying that the beneficiary is attending college
   • Copy of the lease agreement (for refund for Spring semester only)

7. Out-of-State School

The beneficiary may also decide to attend a college that is not in Florida. Florida Statutes specifies that funds transferred to eligible out-of-state institution may not exceed the current fee rates in Florida’s state universities. The Approved College link is a comprehensive list to which prepaid benefits may be transferred. In order to use benefits at an eligible out-of-state school the account owner must complete a transfer form.

Transfer Form

Please be advised of your options before canceling your Florida Prepaid Plan. After reviewing your options please select one of the following

Continue to Cancellation Form

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