Dormitory Contracts

Q: What type of dormitory room is provided with a Prepaid contract?

A: Each state university has specified a set of double-occupancy, air-conditioned rooms that will be allocated to prepaid beneficiaries, subject to availability.

Q: What will happen if there is insufficient dormitory space to accommodate all students with Prepaid dormitory contracts?

A: Students will receive a refund of their prepaid dormitory contract equal to the actual price of dormitory space at that time. The refund will be provided for two semesters so that it may be used to offset costs associated with off-campus housing.

Q: Is the dormitory contract transferable to a privately-owned dormitory or apartment?

A. No. The account owner may apply for a refund of the amount paid for the dormitory contract.

Q: Is the dormitory contract transferable for use at a fraternity or sorority house?

A: Yes, if the fraternity or sorority is university-held. The Plan will transfer the funds for dormitory contracts to any eligible university-held residence designated by the university. The amount transferred may not exceed the cost of university dormitory fees covered by the Plan at that university.

Q: Is the dormitory contract transferable to community college-held residences?

A: Yes. The Plan will transfer funds to either a community college that directly operates one or more dormitory residences or to the community college direct-support organization (DSO). The Plan may pay the fees charged by the community college or DSO or the maximum fees charged for state university dormitory residence, whichever is less.

Q: If I purchase a four-year university contract with a dormitory contract and then want to convert my plan to a "2+2" contract, may I transfer the dormitory contract to be used during the third and fourth years of the "2+2" contract?

A: Yes. The Florida Prepaid College Plan will transfer up to two years of prepaid dormitory expense for account owners converting from a four-year to a "2+2" plan. The account owner may apply for a refund of the amount paid for any additional dormitory years that have been prepaid.

Q: Which state university dormitories are available for 2005-2006?

Please see the Approved Dormitories.

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