<p>My son is a freshman with Florida Prepaid tuition and dorm, and 100% Bright Futures. I'd like to tell you about our experiences, so you know what to expect next year.</p>
<p>PREPAID TUITION: Tuition this year is $107.00 per credit hour. Only $82.00 of that amount is actual tuition, and $25.00 is for various university fees. Prepaid Tuition covers only the $82.00 tuition, and it does not cover the fees. So if you take 15 credits in a semester, you have to pay the $25.00 fees for each credit yourself. In other words, for 15 credits, you'll be responsible for about $375.00 in fees, that Prepaid does not cover. I think I read that next year's tuition is going to be $111.00 per credit hour, so you may have to pay a little more for fees, etc.</p>
<p>PREPAID DORM: Florida Prepaid Dorm covered my son's dorm rent at 100% because he's staying in Broward, which is one of the dorms covered by the Prepaid plan. If you stay at Hume or one of the other modern, more expensive dorms, you'll have to pay the difference in cost. It's a couple of hundred dollars per semester, and it's outlined on UF's Housing website.</p>
<p>BRIGHT FUTURES: My son has 100% Bright Futures, and the scholarship does cover TUITION AND FEES. Since he had Prepaid Tuition and Dorm, he was allowed to use his Bright Futures money to pay for his meal plan. If you don't have Prepaid Dorm, you can use your Bright Futures money to pay for your dorm.</p>
<p>Bright Futures reimburses you only for the number of credits you take. The literature says that you'll receive $1850.00 for tuition per semester, but if you only take 12 credits, you'll receive 12 X $111.00. And that's great if you're using it to pay for your tuition, but if you have Prepaid Tuition and you intend to use your Bright Futures to pay for your dorm or meal plan, you may come up short if you take only 12 credits.</p>
<p>75% BRIGHT FUTURES: Works the same way, and you get reimbursed 75% of your tuition and fees.</p>
<p>100% BRIGHT FUTURES - $300 FOR BOOKS: It's a great help, but books are very expensive. For first semester, the $300 only covered two of his courses, which averaged more than $150.00 per course for books. This semester's books were a lot less expensive, and it covered almost all of his courses.</p>
<p>IF YOU DON'T SPEND YOUR SCHOLARSHIP: If you have Prepaid Tuition, and you're not going to live in a dorm or buy a meal plan, UF will deposit your Bright Futures scholarship money into your bank account. You'll have to fill out an Electronic Transfer (ET) form online, so they have your bank information. It takes a few weeks after the semester starts before they deposit your surplus Bright Futures money into your account, but once it's there, it's yours to spend on groceries, rent, or whatever else you need.</p>
<p>AT PREVIEW, a Wachovia representative told us:</p>
<p>1) Wachovia is UF's official bank. (It is, but all that means is that Wachovia has a branch and a few ATM machines on campus.)</p>
<p>2) UF will only do Electronic Transfers to Wachovia accounts (Not true).</p>
<p>3) My son HAD TO open up his new Wachovia account with this representative at Preview, and if he opened up his new account at our Wachovia branch at home, it wouldn't be connected to UF. (Not true, of course. The guy just wanted his commission.)</p>
<p>4) This helped us..... I'm listed on my son's Wachovia account so I can check his balance from our home Wachovia and deposit more $$$ when he needs it. (Wachovia said anyone can deposit money into the account, but they wouldn't tell me the balance if my name wasn't on the account.)</p>
<p>I hope this info helps, so you don't have any surprises next semester.
g8trmom</p>