- The Florida Prepaid College Board sets Prepaid Plan prices for the 2015-16 Open Enrollment period that begins Oct. 15, 2015
- Plans to be offered starting at $46 per month, providing options for a variety of family budget needs
- The 1-Year Florida University Plan is Florida Prepaid College Board’s newest offering, allowing families to share in a child’s college costs
- More than 1 million families have purchased Florida Prepaid College Plans
TALLAHASSEE, Fla., September 28, 2015 – The most popular Florida Prepaid College Plans will remain affordable and close to last year’s historic low prices, after the Florida Prepaid College Board approved pricing for the 2015/16 Open Enrollment period. The prices for the 1-Year Florida University Plan, for example, start at less than $50 per month.
“Our goal has always been to empower and support Florida families by making college savings simple and affordable,” said Board Chairman Duane Ottenstroer. “The Prepaid Plan prices for the upcoming Open Enrollment period reflect our unwavering commitment to that objective.”
When Open Enrollment begins on Oct. 15, 2015, families will have the opportunity to purchase a 4-Year Florida University Plan for as low as $183 a month or a 2 + 2 Florida Plan for as low as $145 a month.
The Board also now offers the 1-Year Florida University Plan, which allows families to purchase up to four years at a state university in one-year increments as their budgets afford them. The 1-Year Florida University Plan starts as low as $46 per month and covers 30 university credits.
“Families have told us they want more flexible options for saving, and the 1-Year Florida University Plan is a great example of how Florida Prepaid reflects the evolving needs of families,” said Board Executive Director Kevin Thompson. “We encourage families to research our Prepaid Plan options to determine what’s best for them. Saving early really is the best way to save for college.”
Prepaid Plans will be available for purchase during Open Enrollment, Oct. 15, 2015 – Feb. 29, 2016. For more information, visit www.myfloridaprepaid.com.
About the Florida Prepaid College Board
The Florida Prepaid College Board manages the Stanley G. Tate Florida Prepaid College Program and the Florida 529 Savings Plan. Both are tax-favored 529 college savings plans authorized by Section 529 of the Internal Revenue Code. In 1987 the Florida Prepaid College Program was created by the Florida Legislature and the commitment and dedication of Mr. Stanley G. Tate to provide Florida families with an affordable means to save for their children’s future college education. The first Florida Prepaid College Plans were sold in 1988, and were augmented with the addition of the Florida 529 Savings Plan in 2002. Florida Prepaid is the largest, longest running and most successful prepaid plan in the nation with more than 1.6 million Florida Prepaid College Plans purchased and more than $6.7 billion invested in Prepaid Plans by Florida families. The 529 Savings Plan has more than 45,000 active accounts with a market value of more than $400 million.