What private schools does Florida Prepaid cover?

Paying for College
1

<p>Hi, sorry if this seems like a dumb question, but I'm kinda new to the whole financial aid process. Basically I talked to the customer service, and they said that Florida prepaid covers "approved" private schools at the same rate (credit per hour I guess) that it would for any Florida state school. I have the 4 year tuition and 4 year dormitory plan and will probably be charged the same amount of money for most private schools than I would be charged for Florida schools because I qualify for a lot of financial aid.</p>

<p>tl;dr does anyone have a list or know of the colleges that Florida prepaid approves/disapproves?</p>

2

<p>Qualifying for FA is NOT the same as actually GETTING such aid. Most schools do not meet need. Most schools do not have the much money to give away.</p>

<p>Anyway, it sounds like your pre-paid would provide about the same amount of tuition that UF, FSU, UCF would cost. How much is that? About $6k per year? Private tuition can be over $30k per year. </p>

<p>You need to go to the website of your pre-paid and see what schools are listed.</p>

<p>Also, you need to find out how your pre-paid affects FA. If it’s seen as a student-asset, then that could affect aid as well.</p>

3

<p>Nearly all accredited private colleges are “approved” by Florida Prepaid. You can check here to see a list. [Florida</a> Prepaid | Florida Prepaid College Foundation | Student Resources | Approved Colleges](<a href=“http://www.myfloridaprepaid.com/foundation/approved-colleges.aspx]Florida”>http://www.myfloridaprepaid.com/foundation/approved-colleges.aspx) </p>

<p>Each year, they calculate an average dollar figure per credit hour (not as much as UF or FSU charges, but a bit higher than most of the directional state U’s charge). If you decide to enroll at an out-of-state school, your Florida Prepaid plan will give you this amount times the number of credit hours you are taking at that school (up to a limit of 15). For example, if they calculate the average at $113.27 and you take 15 credits in your first semester, Florida Prepaid will send your school $1699.05 for that semester. My son didn’t have the dorm plan, but I assume that it works the same way. There’s a special form you need to fill out and submit to the prepaid plan if you will be using your plan funds at an OOS school. <a href=“http://www.itppv.com/documents/pdf/prepaid/prepaid-transfer-form.pdf[/url]”>http://www.itppv.com/documents/pdf/prepaid/prepaid-transfer-form.pdf&lt;/a&gt;&lt;/p&gt;

4

<p>Most of the schools I’m applying to have large endowments and are able to meet financial need- they’re on this list [Colleges</a> That Claim to Meet the Full Financial Needs of Students - US News and World Report](<a href=“http://www.usnews.com/education/articles/2010/02/18/colleges-that-claim-to-meet-the-full-financial-needs-of-students]Colleges”>http://www.usnews.com/education/articles/2010/02/18/colleges-that-claim-to-meet-the-full-financial-needs-of-students) so according to most financial aid calculators, the total charge is around 9-15k a year (with 2k I get from working on campus), so this is actually pretty cheaper than going to UF or FSU without bright future’s (which I qualify for the highest one)</p>

5

<p>how does the Prepaid figure with FA? Is it considered to be a student asset? </p>

<p>If the student is given $10k per year from a Prepaid, then how does a CSS school use that info?</p>

6

<p>I’m pretty sure it’s considered an asset.</p>