Can the Florida Prepaid College Plan be used if student is also eligible for a Bright Futures Scholarship?
Yes, account owners may choose one of three options if their child is also eligible for the Bright Futures Scholarship. • The account owner may use the Florida Prepaid College Plan benefits as originally planned. The college or university will issue a check to the student for the scholarship. These funds may then be used by the student to offset expenses that are not covered by the Prepaid contract. • The account owner may transfer the contract to a family member of the original beneficiary; however, plan benefits may not be transferred in the same year usage occurred. Please see -Account Owner Eligibility? for guidelines. • The account owner may request a scholarship refund and receive an amount equal to the current rates for state university fees paid on a semester-by-semester basis. Contact Florida Prepaid College Plan for more information regarding the options available to the account owner.
