Is it better to spend all meal plan money or let it turn into flex dollars? I don't really get how this system works so if someone could explain it to me it would be great, cause I have money there that I don't think I could fully finish, but I've heard it all gets converted or only half gets converted after first year.
So basically, you pay a lump sum for the plan. Let's say it's $100. They then will give you $50 in credit. This is the "cash" you spend on food. If you spend this at the right locations in the residences, you will get a 50% "discount" on the sticker price of the food. It's basically, you have already payed half upfront, so they are only charging you the other half you are spending now. You will receive this "discount" until the end of the term.
At which point, you will pay the full sticker price. This basically means that you are effectively throwing away "half of the value" if you do not spend it all before the end of the term the plan applies for, because you have literally already given them $50 of the $100 up front, leaving you with only the $50.
It's by and far better to spend the money as a meal plan in residence, than to let it turn into flex dollars.
I figured that's what happened, thank you very much