How much does it cost?

Florida College Investment Plan:

To open an account, you make an initial deposit of at least $250 or a $25 per month automatic bank withdrawal. Afterwards, you decide how much and how often to contribute. There is a one-time nonrefundable $50 application, which is discounted if you also open or have a Prepaid Plan for the same beneficiary. There is a low annual administration fee of ¾ of one percent (75 basis points or 0.0075) of the account balance.