NOTICE OF 2013-2014 CONTRACT FILING AND PAYMENT DUE DATES
Notice of 2013-2014 Contract Filing And Payment Due Dates For The
Florida Prepaid College Plan
The Florida Prepaid College Board hereby gives notice that the enrollment period and contract filing dates for the 2013-2014 year are as follows for the Florida Prepaid College Plan:
November 1, 2013 – Beginning of 2013-2014 enrollment period.
February 28, 2014 – Last day of 2013-2014 enrollment period.
April 19, 2014 – Last day of contract change period.
Purchasers of Florida Prepaid College Plan advance payment contracts must enroll on or before February 28, 2014.
Applications for the Florida Prepaid College Plan must include one of the following non-refundable application fees:
• $50, if the application is for the Florida Prepaid College Plan and the Florida 529 Savings Plan.
• $50, if the application is only for the Florida Prepaid College Plan.
Payments for the Florida Prepaid College Plan
For Florida Prepaid College Plan applications received during the 2013-2014 enrollment period, payments may be made under any one of the following schedules:
(a)Lump-sum payments due in full on April 20, 2014;
(b)Monthly payments, beginning on April 20, 2014, and due on the 20th of each and every month thereafter until October of the anticipated enrollment year of the qualified beneficiary:
(c)Fifty-five (55) month payment option beginning on April 20, 2014, and due on the 20th of each and every month thereafter for 55 continuous months.
An implied interest rate of 4.66 percent (weighted average using spot yield curve based on the July 31, 2013, U.S. Treasury curve) for the purchasers of the Florida Prepaid College Plan advance payment contracts during the 2013-2014 enrollment period has been calculated for the installment payment plans indicated above.
