Florida Prepaid College Program

Funds paid into the Florida Prepaid College Program can be withdrawn and used for private institutions equal to the value of the prepaid plan(s) at the time of enrollment. The state determines the value of the plan at the beginning of each academic year, typically notifying schools in August. To access these funds, the account owner must complete the transfer form available at www.ut.edu/tuition/paymentoptions or by calling (800) 552-GRAD (4723).

The plan will pay the same rate it pays a public college or university in Florida. However, because private colleges are typically more expensive, the prepaid plan will not cover the total cost.