Scholarship Plans

New Reduced Price Scholarship Plans

In our ongoing mission to expand college scholarship opportunities for deserving Florida students and to streamline scholarship management for our valued partners, we are introducing new Foundation Scholarship Plans with an attractive pricing option.

  • The new Foundation Scholarship Plans have all the characteristics and benefits of traditional Prepaid Plans except these plans are non-refundable and non-transferable.  
  • This allows us to price the Scholarship Plans even more affordably, and it reduces the administrative burden on our partners to manage scholarship usage in the future.  
  • The new Scholarship Plan pricing is available in a “Nationwide” or “Florida Only” school usage format.

The new Foundation Scholarship Plans are additional low-cost options available to partners to utilize with our Foundation Scholarship Programs, including those offering a dollar-for-dollar match like Project STARS and Challenge Match Scholarships.  Private scholarships are not eligible to purchase Foundation Scholarship Plans.

Rest assured, we are continuing to offer the traditional Prepaid Plans that you have purchased in the past where multiple student assignments are preferred to utilize all available credit hours or semesters.  

For more information, review our FAQs and/or contact us at prepaid.foundation@myfloridaprepaid.com to schedule a consultation and learn more about how new Foundation Scholarship Plans can benefit your organization.

Pricing Schedules

Traditional Prepaid Plan Scholarships Pricing August 2021

Foundation Scholarship Plans – Nationwide Pricing August 2021

Foundation Scholarship Plans – Florida Only Pricing August 2021

Pricing Calculators

Traditional Prepaid Plan – Scholarships Pricing Calculator – August 2021 (Excel download)

Nationwide Pricing Calculator – Florida Scholarship Plans – August 2021 (Excel download)

Florida Only Pricing Calculator – Florida Scholarship Plans – August 2021 (Excel download)

Foundation Scholarship Plans:

Frequently Asked Questions

How are Foundation Scholarship Plan prices determined?

Like traditional Prepaid Plans, prices are actuarially determined – considering current tuition and fee rates, anticipated tuition inflation, and investment yields to cover future college costs at a price less than the expected cost. And, by incorporating scholarship usage and our termination experience into the actuarial calculation, we can offer these new Foundation Scholarship Plans at a reduced cost for all of our Foundation partners.

How is a new Foundation Scholarship Plan similar to a traditional Prepaid Plan?

The student receives the same value at approved colleges/universities. For example, a traditional Prepaid Plan and a new Foundation Scholarship Plan can both offer a student the same opportunity to pay for 60 credit hours at a Florida College when utilizing a 2-Year Florida College Plan.

How are these new Foundation Scholarship Plans different from a traditional Prepaid Plan?

Our new Foundation Scholarship Plans are designed for only one recipient; unused credit hours, if any, are non-refundable and non-transferrable. This results in a significantly lower price with no long-term scholarship administration for the Foundation partner.

When do I need to name a student to a new Foundation Scholarship Plan?

A student must be named within 120 days of purchase.

Can I buy a new Foundation Scholarship Plan now?

Yes.

Can I cancel an existing traditional Prepaid Plan and purchase a new Foundation Scholarship Plan?

Yes.

Is anything changing about my existing traditional Prepaid Plans?

No. Your current Prepaid Plans still offer the same great coverage and flexibility.

Can I still purchase a traditional Prepaid Plan?

Yes. We will continue to offer the same traditional Prepaid Plans that you have purchased as scholarships before. The new Foundation Scholarship Plans offer your organization an additional purchase option to award more scholarships and sooner.

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