$ 200 Million in Unclaimed Refunds in Florida University Prepaid Program

TALLAHASSEE, Florida – More than 30,000 families have yet to claim more than $ 200 million in reimbursements from the Florida prepaid tuition program, according to program officials.

Prices for prepaid plans were slashed last year as tuition fees at state colleges and universities had not increased for six years. This left some accounts reimbursed earlier, with reimbursement balances owed.

On average, families who have yet to claim their reimbursements have $ 4,700 to wait.

“It’s a time when we know there are families out there who could definitely use a check for $ 4,700. We don’t want to hold it back. We would love you to have it and claim it, ”program spokesperson Shannon Colavecchio told the News Service of Florida.

In addition to receiving refunds, families can also transfer the balance to other children’s accounts or put the money into another savings plan to help pay for books, technology, and student accommodation. The program also waives the $ 50 application fee for anyone who applies for a new prepaid plan by October 31.

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Those who register early will be automatically registered when open registration begins on February 1.

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