HELP CENTER
Prepaid 529 Dormitory Plans
Prepaid 529 Dormitory Plans
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Who is eligible to purchase a Dormitory Plan?
You may purchase dormitory housing coverage at the time you enroll, or during a later enrollment period, regardless of whether you have a Prepaid 529 Tuition Plan or Investment 529 Plan. Prepaid 529 Dormitory Plans can be purchased for children from birth through 11th grade.
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How many years of Dormitory can I purchase?
You can purchase up to four years (eight semesters) of Dormitory coverage.
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What housing expenses are covered?
The 1-year Dormitory Plan covers a standard, double-occupancy, air-conditioned dormitory room at a State University in Florida.
The amount covered by this plan can also be used at some fraternity or sorority houses (if those houses are overseen by the State University) and other university-held housing, or dormitory housing costs at other colleges nationwide.
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Does a Dormitory Plan guarantee you to have a dormitory room?
No. Residence in a dormitory is subject to available space and is not guaranteed by Florida Prepaid. It is the responsibility of each student to qualify and apply for housing.
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What happens if you do not live in a dormitory?
The value of your Dormitory Plan may be used for other university-held housing, as approved by Florida Prepaid. If the student lives off-campus or in privately held housing, then you may request a refund.
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What happens if a dormitory room is not available at the school you go to?
If a university offers eligible housing but does not have availability, you may request an Unavailable Dormitory Refund.
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How is an Unavailable Dormitory Refund amount calculated?
The refund amount will be the average of the housing fees payable by your plan to the State University (for approved dormitories in the semester during which housing is unavailable).
For other eligible educational institutions, the refund will equal the statewide average for eligible double-occupancy, air-conditioned dormitory rooms payable by your plan in the State of Florida.
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Is there a minimum contribution amount?
No. There is no minimum contribution to get started. You contribute as much and as often as you like.
The aggregate maximum account balance for all plans for the same student is $418,000.