Prepaid
Who is eligible to be a beneficiary of a Prepaid Plan?
A beneficiary that is in the 11th grade or below and a Florida resident for a minimum of 12 months.
What expenses does an Investment Plan cover?
Any educational expenses
If a beneficiary just finished their second extension and they had no usage and are not enrolled, can we extend their plan?
We cannot
What is the cancellation fee?
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Who is Billie Eilish?
How long can a Prepaid Plan be used?
10 years
Can I open an Investment Plan for an unborn child?
Yes, a parent or grandparent may open an Investment Plan for himself or herself and then transfer some or all of the funds to the child after birth.
Where would you go to locate a pending or queued ACH payment to the plan?
Account Owner cash account under the back office tab.
How many months does a customer have to reinstate their plan after cancellation?
6 months
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What is Alaska?
How many credit hours can one beneficiary have for tuition?
120
What is the maximum contribution for Investment Plan?
500,000
Can we do a reimbursement to a school that doesn't accept Title IV funding?
No
How many months until a plan automatically cancels due to no payment?
7 months
What year did the first iPhone come out?
2007
What does my Prepaid Plan cover if I enrolled into a tuition plan in Contract Year 2008-2010?
Tuition only
What are our three Investment strategies?
Simple enrollment Year
Intermediate
Advance
Where would we look to see if a partial payoff has been applied to an account?
You would go under the plan to the Prepaid Plan finance histories
If a customer cancels their only plan out, why would they not have their full refund available for withdrawal in the wallet?
Funds in a clearing period
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What is a bit?
What is the reason for the price reduction in 2024 for Prepaid Plans?
The Board decided to reduce the prices because of lower than expected increases in tuition and fees.
What requirements for an Investment Plan for the funds to be rollover into a Roth IRA?
The lifetime maximum a parent can transfer is $35,000 per beneficiary, and the account must have been open for 15 years (with rollover funds in the account for at least 5 years).
When searching for status of payment for school, where should you look?
You would look at the school cash account in the back office tab and find the date of the claim.
What are the requirements to cancel a trust account?
FPP Affidavit of Trust Representative Form
The request for the cancellation
Attorney Opinion letter
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