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More than $225M in Florida Prepaid refunds remain unclaimed
Read full article: More than $225M in Florida Prepaid refunds remain unclaimedTALLAHASSEE, Fla. About 30,000 Floridians who bought into the Florida Prepaid college savings program have a refund waiting for them that has not been claimed. So we basically said wow, people that were buying those plans in the past few years actually dont need to be paying as much in as we thought, said Florida Prepaid spokesperson Shannon Colavecchio. Tallahassee mother of two Nicole Albers thought shed moved her refund into a 529 savings plan for her kids college. Very pleased to see today that I still had the option to apply it to the 529 savings account, said Albers. And while the refund can be returned as cash, Florida Prepaid is encouraging parents to follow Albers lead and consider reinvesting the money in their childrens college education.
