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2-Year Florida College Plan

why_c2Today’s workforce is competitive, and tomorrow’s will be even more so. The 2-Year Florida College Plan allows you to set your child up with a practical, affordable path to entering his/her chosen career with an associate’s degree or trade certification—and a decided advantage over those with only a high school diploma. Should they choose to go for a four-year degree instead, every cent of the value of this plan, like all of our plans, can be applied at any university or college nationwide.

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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 2-Year Florida College Plan covers tuition and other specified fees for 60 lower division credit hours at a Florida College. This plan offers your child the opportunity to earn an associate’s degree or trade certification in any number of fields, and is an excellent springboard to a fulfilling career or further education. Plus, a student earning an associate’s degree at one of the 28 Florida Colleges is guaranteed admission to one of Florida’s 12 State Universities.

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 2-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 2-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 2-Year Florida College Plan.
  • The child has 10 years from the projected enrollment year selected on the application to use his/her 2-Year Florida College Plan.

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Where can the child use this plan?
The 2-Year Florida College Plan is designed to be used for 60 lower division credit hours at a Florida College, but the amount covered by the plan can also be applied to State Universities, or other schools – nationwide.
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Is saving for two years of school really worth it?
Absolutely. An associate’s degree will give your child a decided advantage when applying for jobs over those with just a high school diploma. And two years is also enough to earn several technical certifications that can lead to fulfilling careers.
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What if my child decides later to go for a 4-year degree?
By signing up for a 2-Year Florida College Plan now, you’ve helped them to take care of 60 lower division credit hours at a Florida College, meaning they are that much close closer to their 4-year degree.
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What happens if the child graduates early or didn’t use all the benefits?
Remaining credit hours in the 2-Year Florida College Plan can be used for additional undergraduate 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 2-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 one of 28 Florida Colleges.
 
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