College Saving Plans

[themoneycollector]

A prepaid plan does sound interesting and economical considering how tuition goes up steadily.

So what happens if they don't go to a FL college, do they reimburse anything?

[floydpink]

Originally Posted by themoneycollector

A prepaid plan does sound interesting and economical considering how tuition goes up steadily.

So what happens if they don't go to a FL college, do they reimburse anything?

Yes, they transfer it , or a portion of it, to the out of state college.

If they get a bright scholars or other scholarship, or don't go, you get the money back without interest.

The only possible way to lose is if the state goes insolvent, at which point, we're all screwed anyway.