Congratulations! Your child got a scholarship! But what happens to that Florida Prepaid College Plan you started years ago? Find out how you can still utilize those funds. Don’t forget to use the Florida Prepaid Promo code SAVING19 to save on the application fee. This post is sponsored by the Florida Prepaid College Board, through my role as a Believer Blogger. All thoughts are my own.
What Happens To Your Florida Prepaid College Plan If You Get A Scholarship?
It’s every parents dream for their child to get a scholarship to their favorite school. Whether it be an academic scholarship, a sports scholarship or both, there is an amazing sense of pride when your child gets what they have worked so hard for.
But, what if you planned ahead for college and got a Florida Prepaid College Plan? I have Florida Prepaid College Plans for both my kids, and I am still hoping that they get scholarships. Prepaid Plans actually work great alongside scholarships, we can use them together to cover even more college expenses. Expenses that maybe you didn’t include in your Florida Prepaid College Plan. Plus, the value of your Florida Prepaid Plan benefits can also be applied to graduate or professional schools nationwide.
What if the scholarship covers everything your child needs at college? What if there aren’t any additional expenses you want to be covered? What happens to your Florida Prepaid College Plan then?
If your student receives a scholarship, you also have the option to get a refund for the same amount as the Florida Prepaid College plan would pay a public college or university in Florida based on your plan type.
Do you lose your money in your Florida Prepaid College Plan if your child gets a scholarship?
No, you will NOT lose the money you invested in the Florida Prepaid College Plan if your child gets a scholarship. You have the option for a refund. And remember, every Florida Prepaid Plan is guaranteed by the State of Florida, so you can never lose what you’ve paid in.
Here are some additional questions I had when I researched Florida Prepaid College Plans:
- What If Your Child Decides To Not Attend College?
- Can Florida Prepaid Plans Be Used Out of State?
- How does the pricing on Florida Prepaid College Plans work?
Still have questions about Florida Prepaid College Plans? Or about what happens to your Florida Prepaid College Plan if your child gets a scholarship?
I have been customer of Florida Prepaid College Plans for over 10 years, please feel free to reach out to me. Both of my kids have Florida Prepaid College Plans and it was one of the best decisions my husband and I ever made. You can also call their amazing customer service team at 1-800-552-4723.
Ready to get started on saving for your child’s future with a Florida Prepaid College Plan?
Use Florida Prepaid College Plan Promo Code SAVING19 to save on the application fee during open enrollment
Open enrollment started February 1st, so don’t wait to get started on saving for tomorrow. Use the Florida Prepaid College Plans discount code SAVING19 to help you save on the application fee. And don’t forget, if your child gets a scholarship, you do not lose the money you invested in Florida Prepaid College Plans!