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What if my student does not go to college?

You may transfer your Florida 529 Savings Plan to another eligible student or close the plan and withdraw the remaining balance. Any earnings that are not used for Qualified Higher Education Expenses are subject to federal and, if applicable, state income taxes. In addition, there is a 10% federal tax penalty on the earnings not used for Qualified Higher Education Expenses with certain exceptions for death, disability and scholarships (to the extent of the amount of the scholarship).

For specific information about your tax situation, please consult an investment adviser or certified public accountant.


Kid Sliding Through Sprinklers

Earn up to $50 toward college during the 529 Summer of Savings!

Now when you open a tax-advantaged Florida 529 Savings Plan, we’ll put $25 into your account. Set up monthly contributions, and we’ll add another $25.
Hurry, offer ends August 16!

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