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Frequently Asked Questions


Frequently Asked Questions

Q: What is the Florida Prepaid Scholarship Program?
A: 

This is an annual scholarship program sponsored by the Florida Prepaid College Foundation, running September 25 – October 29, 2017, which will award 10 winners a Florida Prepaid 2-Year Florida College Plan.

Q: Who is eligible to enter?
A: 

The beneficiary must be between the ages of newborn – 8th grade to qualify. The registrant must be at least 18 years of age and be a Florida resident for the past 12 months.

Take Stock in Children students are not disqualified from the program, but they would have to be in the correct age range to qualify.

Q: How can families enter?
A: 

Participants can register to win at www.floridaprepaidscholarshipprogram.com and have chances to earn extra entries by answering questions, learning more about saving for college and sharing on social media.

Q: How do I register for the program?
A: 

Go to the Register Now button, or to Register on the right-hand side next to Sign In. You should receive an email confirmation, and once that confirmation is complete, then you are officially registered.

Keep a record of your new login because you will need it come back daily and earn more chances to win.

Can I use my Florida Prepaid login that I use on www.myfloridaprepaid.com website?

Please create a new login just for this program. This registration is completely separate from any registration on the main www.myfloridaprepaid.com website.

Q: Why is the scholarship program only happening now through early October?
A: 

September is celebrated nationwide as National College Savings Month, a time when families are encouraged to learn more about college savings options. In mid-October, Florida Prepaid Plan Open Enrollment begins.

The scholarships are part of the Florida Prepaid College Foundation’s ongoing commitment to increase awareness about the importance of saving for college, particularly during College Savings Month and leading up to Open Enrollment.

Q: How does a Prepaid Plan work? Is it like a 529 Savings Plan?
A: 

Prepaid Plans have a set payment amount or schedule.

The biggest difference between the two is that the Florida 529 Savings Plan is subject to fluctuations in the financial markets, while the Prepaid Plans are guaranteed by the State of Florida. Families will never lose what they put into a Prepaid Plan.

In addition, a Prepaid Plan covers tuition and specified fees; a Florida 529 Savings Plan covers other college expenses such as housing and books. Families can have both plans for a beneficiary.

Q: When will winners be announced?
A: 

Winners of the Grand Prize will be selected from among all eligible entries via a random drawing to be conducted by November 3, 2017 at 3:00 p.m. Eastern Time, and notified by November 10, 2017.

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