Virgil Said:

Will florida prepaid college pay for part time students?

We Answered:

6 credits is fine.

Glen Said:

Tax Question for: 1099-Q for Florida Prepaid College Plan?

We Answered:

Get IRS pub 970 and read carefully.

You have to coordinate the money with the education credits. That is, if you use $1 of tuition to avoid taxing the earnings on the QTP as income, you can't use the same $1 for an education credit.

The money is your wife's.

Frederick Said:

Are Florida prepaid college plans noticed when applying for financial aid?

We Answered:

Yes, when you do your fafsa, there is a note on the fafsa that says to call them at 1-800-4FEDAID to help you with where and how much of it gets entered on the fafsa. See below:

"Investments include real estate (do not include the family home), trust funds, UGMA and UTMA accounts, money market funds, mutual funds, certificates of deposit, stocks, stock options, bonds, other securities, Coverdell savings accounts, 529 college savings plans, the refund value of 529 prepaid tuition plans, installment and land sale contracts (including mortgages held), commodities, etc. For more information about reporting educational savings plans call 1-800-4-FED-AID. Investment value means the current balance or market value of these investments as of today. Investment debt means only those debts that are related to the investments."

Joyce Said:

Does my florida prepaid college tuition transfer to north carolina?

We Answered:

find the website to the organization they have the prepaid tuition and read their terms.

Julia Said:

Is paying into the Florida Prepaid College Program tax deductible?

We Answered:

This program is a section 529 plan; no deductions are allowed for contributions to the plan. The tax advantage of the plan is that no tax is due on the earnings until they are withdrawn and, if the amount withdrawn for a year does not exceed qualified higher education expenses for that year, no tax is due.

Brett Said:

How can I withdraw my prepaid college fund?

We Answered:

It was paid to some institution. Go to them and ask. Only they can answer.

Dennis Said:

If I have Florida College Prepaid Plan, how many attempts on a class do get before I have to pay?

We Answered:

there is no information on classes taken a second time. classes drop by the full refund date are no problem, if not by that date there is a payment. the second class you did not attend you have to pay for the full class. class this number for additional information

1-800-552-GRAD (4723)
Monday - Friday, 8 am - 6 pm, EST

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