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4-Year Florida College Plan

why_c4“Community Colleges” aren’t what they used to be—and that’s a good thing. For one, they’re now called Florida Colleges, and there are 28 of them here in the Sunshine State. Furthermore, they’ve expanded their capabilities far beyond the two-year programs they’ve long been known for. In fact, most now offer four-year bachelor’s degree programs in growth industries like nursing and teaching, and continue to grow their degree programs year after year. And since they’re typically less expensive than a university education, the 4-Year Florida College Plan provides a practical, affordable path to the bachelor’s degree your child will need to succeed later in life.

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Florida Prepaid College Board is with you every step of your journey! We’ll help keep you up-to-date with the latest news, let you know when 2017-2018 Open Enrollment begins and send you helpful tips about college savings.

What’s Included

The 4-Year Florida College Plan covers tuition and other specified fees for 120 credit hours at a Florida College — the amount required to earn a bachelor’s degree. With diverse course offerings and convenient locations, this offers tremendous flexibility and diverse degree options should your child wish to attend school close to home or anywhere throughout the state.

How To Enroll

Here is what you’ll need to enroll:

  • You can go ahead and complete an online application for a Prepaid Plan now, and we’ll notify you of the new plan prices when Open Enrollment starts again.
  • Be sure to have read the Master Contract.
  • Have your and the child’s Social Security Numbers available.
  • Have your bank account information available, if you would like to set up automatic withdrawal.
  • Have the driver’s license of the child’s parent or legal guardian to submit proof of Florida residency online.

Flexibility

The 4-Year Florida College Plan is designed to be used at a Florida College, but the amount covered by this plan can also be applied to other schools nationwide. Also, other important flexibility considerations include:

  • If the child receives a scholarship, such as Bright Futures, the amount covered by the 4-Year Florida College Plan, not just what you paid in, can be refunded or used to pay for tuition and fees not covered by the scholarship.
  • If the child moves out of Florida, the child remains eligible for in-state tuition and fees at a Florida College or State University while using his/her 4-Year Florida College Plan.
  • The child has 10 years from the projected enrollment year selected on the application to use his/her 4-Year Florida College Plan.

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Where can the child use this plan?
The 4-Year Florida College Plan is designed to be used for 120 credit hours at a Florida College. But, the amount covered by the plan can also be applied to other schools nationwide.
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Can the child really get a bachelor's degree from a Florida College?
Yes. Many Florida Colleges now offer four-year bachelor’s degree programs, and will continue to expand their offerings into the future.
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What happens if the child graduates early or didn't use all the benefits?
Remaining credit hours in the 4-Year Florida College Plan can be used for graduate courses, transferred to an eligible family member of the child, or refunded to the Account Owner.
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Can a child have both a Florida 529 Savings Plan and a 4-Year Florida College Plan?
Absolutely. The plans work well together. For example, a Florida 529 Savings Plan could be used to pay for books, a computer, room & board, and other qualified higher education expenses, while the Florida Prepaid College Plan pays tuition and other specified fees at a Florida College.
 
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