Congratulations to all the recent high school graduates! Your hard work has paid off, and now it’s time to use your college savings plan(s). It’s also a great time for both Account Owners and students to create your online accounts.
We have recently launched a new and improved website experience with easy self-service features and simplified plan management. Due to the recent website enhancements, to gain access to your existing Florida Prepaid account(s), you will need to follow a few easy steps in the all-new Customer Account Management Portal (CAMP).
Learn more and get started today.
We’ve got a few helpful tips to get you on your way.
Using Your Prepaid Plan:
- In-State Public Schools: If your student is attending one of the 28 Florida Colleges or 12 State Universities, you are all set!
- A college plan can be used at a university, and a university plan can be used at a college – we just prorate the value in each situation.
- In-state public institutions bill Florida Prepaid directly each semester for tuition and fees covered by your Plan, so you should not have to take any action at this time to use your Plan at a Florida College or State University.
- Out-of-State or Private Schools: If your student is heading to an out-of-state or private school, then you will need to log in to your account and submit a School Authorization request. Follow these steps, and your student will be ready to go.
- Log in to your account.
- Go to the student’s Prepaid Plan page and select Use Plans.
- Click the Authorize School button.
- On the Authorize School page, verify the Prepaid Plan you wish to authorize and select the school the student will attend.
- Choose the payment method that best fits your circumstances.
- Once you have completed the School Authorization, the school is notified and most will invoice Florida Prepaid directly.
- Prepaid Plan benefits can be used at any eligible private or out-of-state institution. The amount paid will be based on the Plan type. The Plan will pay the same amount as it would pay a public college or university in Florida.
- You will be responsible for any difference in the cost of tuition and fees beyond what your Prepaid Plan will cover. When Florida school rates are available in late August each year, then Florida Prepaid will know the benefit amount that can be paid per credit hour from your plan to the school of your choice.
Using Your Investment 529 Plan:
- It’s easy to use your Investment Plan funds, and here are a few tips to get you started:
- You can use your Investment Plan funds at colleges, universities, trade or technical schools nationwide.
- Your funds can be used for a wide variety of higher education expenses, including:
- Tuition and fees
- Housing and meal plans
- Books and supplies
- Computers and equipment
- Online withdrawals are quick and easy. Funds can be sent directly to you, or to your student. For your convenience, we can even pay a school directly for tuition and fees.
- To request a withdrawal:
- Log in to your account.
- Go to your student’s Investment Plan page and select Use Plans.
- Schedule an Investment Plan withdrawal.
- Transactions are processed within two business days. You should plan to withdraw funds in the same calendar year as the expense.
- It’s always recommended to keep your receipts for tax reporting purposes.
Need help identifying eligible institutions? Use the Free Application for Federal Student Aid (FAFSA) Federal School Code search.
We hope this information is helpful. We know college is a big step with lots of checklists and big decisions along the way. We are thrilled to be a part of your savings and education journey!
Since 1988, Florida Prepaid’s goal has been to help make saving for college affordable and attainable for all Florida families. You can now build your perfect college savings strategy in minutes.
