What if the child for whom the contract is purchased decides not to go to college?
The purchaser can request a refund or the contract can be transferred ($55 fee required) to an eligible substitute beneficiary (a member of the immediate family of the beneficiary, including first cousins). The substitute beneficiary must use the contract benefits within the same 10 year period as the original beneficiary.
Related Questions
- What are my options if a child who has a contract with the Florida Prepaid College Plan decides to drop out of high school?
- What are my options if the child enrolls in a college or university but decides to leave school prior to graduating?
- What if the child for whom the contract is purchased decides not to go to college?
