“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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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.
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.
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.
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.
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.
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.
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.
The Florida Prepaid College Board does not provide tax or investment advice regarding its Florida Prepaid College Plans or Florida 529 Savings Plan. Florida Prepaid College Plans are financially guaranteed by the State of Florida, Section 1009.98(7), Florida Statutes. Florida Prepaid College Plans may not cover certain fees imposed by state universities or colleges. Please read the Master Contract carefully. The Florida 529 Savings Plan is not guaranteed and is subject to market conditions. Carefully consider the investment objectives, risks, charges and expenses before investing in the Florida 529 Savings Plan. As with any investment, it is possible to lose money by investing in this plan. Please read the Program Description and Participation Agreement carefully.