Prepaid college program in Florida, over $ 200 million in refunds go unclaimed – CBS Miami


TALLAHASSEE (CBSMiami / NSF) – More than 30,000 families have yet to claim more than $ 200 million in reimbursement from Florida’s prepaid tuition program.

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

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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, ”said program spokesperson Shannon Colavecchio.

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

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