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You may view and request a refund for your overpayment amount by logging into your account selecting your student, and choosing the specific Plan that you would like to view.

Earnings are not subject to federal tax — When earnings from a prepaid college savings plan are used on higher education expenses, such as tuition, fees, books, and room and board, they are not subject to any federal tax.

You can transfer your plan to another child. If the original student does not use their Florida Prepaid Plan benefits, you may request a refund or transfer the benefits to a sibling, step-sibling or other qualified family member.

You may transfer your Florida 529 Savings Plan to another eligible student or close the plan and withdraw the remaining balance. Any earnings that are not used for Qualified Higher Education Expenses are subject to federal and, if applicable, state income taxes.

The federal government considers your parents' assets first when calculating your need-based financial aid eligibility. Your Florida Prepaid Plan is not counted as an asset on your FAFSA if it is used to pay for your tuition and fees at a Florida public college or university.

If your Florida Prepaid Plan is used to pay for your tuition and fees at a private college or university, or if you use your Florida Prepaid Plan to pay for room and board, your Florida Prepaid Plan is considered an asset on your FAFSA.

Here's what she said. No matter your financial status, or whether you have a Florida Prepaid Plan or Florida 529 Savings Plan, fill out the FAFSA. It serves multiple purposes. First, it determines need-based aid at the federal government level.

Your refund will be equal to the payments that you have made, less any previous refunds, and a fee of up to $50 per plan or 50% of the amount paid to the board, whichever is less, may be assessed upon termination of the plan. Can I cancel my Florida Prepaid Plan or withdraw my funds early?

Yes. You may cancel your Florida 529 Savings Plan and withdraw funds at any time and for any reason. Please keep in mind, any earnings that are not used for Qualified Higher Education Expenses are subject to federal and, if applicable, state income taxes.

You may request a withdrawal from your Florida 529 Savings Plan online at myfloridaprepaid.com – we can send the money to you, to your student, or directly to an Eligible Educational Institution.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232