<p>Gatordan is correct.</p>
<p>I have a daughter in this situation (now a junior) at FSU. I don’t see UF being any different in the application of monies. </p>
<p>The prepaid tuition plan is applied to tuition, up to 120 credits, automatically, by the university. Prepaid dorm is applied to dorm, automatically, by the university. Bright Futures comes to her through her university account as cash. A university scholarship she receives also comes as cash. The BF book amount also comes as cash.</p>
<p>The trick is what happens in the summer. Prepaid is still applied to tuition, but BF does not come in the summer. Stafford loans still come, but not BF. If your child will attend in the summer, be prepared to pay for some expenses, like housing, on your own.</p>
<p>Not sure how UF handles funds in general, but FSU kids have an account tied to their ID card into which all funds <em>may</em> be deposited (you have to set this up when they get their ID card). They then carry the ID card and use it as a debit card both on and off campus. Very safe and convenient, as I can check what she owes and transfer funds accordingly online.</p>