The Florida Prepaid College Board manages the Florida Prepaid College Plan and the Florida College Investment Plan. Both are tax-free 529 college savings plans authorized by Section 529 of the Internal Revenue Code.
The Florida Prepaid College Plan was introduced in 1988 and is the largest prepaid college plan in the country. Families have purchased almost 1.4 million Florida Prepaid College Plans since the inception of the program. Building on its experience, the Florida Prepaid College Board introduced the Florida College Investment Plan in 2002 to give families another way to save for college. The Florida Prepaid College Plan and the Florida College Investment Plan offer the flexibility and options to help reach college savings goals.