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Does having a 529 Plan impact scholarship eligibility?

In general, a 529 Plan should not affect eligibility for merit–based scholarships. Having a 529 Plan will not prevent you from receiving a Bright Futures Scholarship in Florida. In fact, if your child receives a Bright Futures Scholarship and you also have a Prepaid Plan, excess monies can be used to pay for other Qualified Higher Education Expenses such as textbooks, supplies and housing.

For more information about the Bright Futures Scholarship, please call 1-888-827-2004.