Dorm Plans
It’s smart to make room for a Prepaid Dormitory 529 Plan.
What is a Prepaid Dormitory 529 Plan?
A Dorm Plan is a safe, smart investment that allows you to easily prepare for university dormitory housing costs. Purchase in 1-year increments (2 semesters).
Just like all Prepaid Plans, your Dorm Plan is guaranteed by the State of Florida, so you can never lose your investment.
What does a Dorm Plan cover?
It covers the cost of a standard, double-occupancy dormitory room at any of Florida’s 12 State Universities or the value of the plan may be applied to dormitory housing nationwide.
Fund Fact
Watch
Learn about a Prepaid Dormitory 529 Plan
4 MAJOR BENEFITS TO
Living on Campus
Community
There are endless opportunities to make friends — campus activities, intramural sports, career and service organizations
Support
Resident Assistants (RAs) oversee the well-being of students and smooth the transition into college
Safety
Colleges prioritize student safety with on-site security — maintaining a safe environment and responding to emergencies
Convenience
The stress of parking and cost of commuting are eliminated
Source: BestCollege.com, July 2022
How do you use a Dorm Plan?
Using your Dorm Plan is easy! Florida Prepaid will pay the college directly for the dormitory housing covered by the plan.
The value of your plan may also be applied to dormitory housing nationwide, or to other approved university-held housing, which can even include sorority and fraternity housing.
You’re Covered For
All The What Ifs
What if my child wants to live at home, attend college online or live in an apartment off campus?
No problem! You can cancel your plan anytime for a full refund or transfer it to another family member.
Who is eligible to purchase a Dorm Plan?
You may purchase a Dorm Plan for children ages newborn – 11th grade; Open Enrollment is February 1 – April 30.
Do I need to be a Florida resident?
Anyone can purchase a Dorm Plan (parent, grandparent, etc.). However, the student must be a Florida resident when the plan is purchased. Proof of residency is required during enrollment.
What if the university offers eligible housing but does not have space available?
You may request an Unavailable Dormitory Refund and receive the value that would have been paid to the university for dormitory that semester, so you can use the funds elsewhere.
Our son is the first to have had a Dorm Plan … the experience has been simple and hassle-free. No financial worries; no complications; and virtually no effort. Highly recommended!Robert T. — Prepaid Dormitory 529 Plan Account Owner
Want to learn more?
Visit our Help Center to get even more information on our Dorm Plans.
