Plan Management – Prepaid 529 Plans

The Account Owner owns the Prepaid Plan and all contributions. The Account Owner retains full control over the plan and who uses it.

You may transfer a Prepaid Plan to a family member who is a Florida resident. The plan benefits will need to be used within the original 10-year benefit period.

While Florida residency is required to purchase a Prepaid Plan, it is not required to keep one. If you or the student move out of state, your plan will continue as if you never left. Also, if your student returns to Florida and attends a Florida College or State University, they will be considered an in-state resident for tuition purposes because they have a Prepaid Plan.

Prepaid Plans are owned and managed by a single Account Owner. However, after you enroll, you may choose to designate or change user relationships to plans that you own, and these roles will affect the permissions a user will have on your account. User selection is made for each plan individually.

Survivor: Takes over the account should the Account Owner become deceased.

Authorized Agent: Designated by the Account Owner to co-manage the plan with equal rights.

Joint Approver: Designated by the Account Owner or legal authority to approve certain major account and plan changes.

Yes, you may cancel your Prepaid Plan at any time and for any reason. You may request a refund equal to the payments that you have made, less any fees, usage and refunds.

We want to help you reach your college savings goals. If you are not able to afford your Prepaid Plan payments, please let us know. We may be able to help you with an alternate payment schedule or change your plan to one that better fits your budget.

Yes, you can change your plan type to one of lesser coverage through your online account.