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 Florida Bright Futures Scholarship and you also have a Prepaid Plan, excess funds can be used to pay for other Qualified Higher Education Expenses such as textbooks, supplies and housing.

For more information about Florida Bright Futures Scholarships, please visit the website.