Earn Cash 4 College!
The 2022 Prepaid Plan Open Enrollment is here, and we have some great news for Floridians. Families that purchase a Prepaid Plan by April 30 can receive a cash bonus of up to $500 to cover additional college expenses as part of our Cash4College incentive program. And with no Prepaid Plan application fee through April 30, 2022, you can enroll for free today, risk-free.
If you’ve been thinking about saving for college, it’s a great time to get started with this special bonus offer. Take advantage of the risk-free way to save for college, with a 100% money-back guarantee from the State of Florida. Prepaid Plans start at just $45/month.
Here’s how it works:
- Purchase an eligible prepaid tuition plan by April 30, 2022.
- Complete all scheduled payments from the time of enrollment through September 2022.
- Enroll in a no-cost Florida 529 Savings Plan for your child when you enroll in your Prepaid Plan.
- That’s it! The contribution will be deposited directly into your Florida 529 Savings Plan account by October 15.
You probably have some questions. We have answers.
With Cash4College, earn $125 for each year of college or university Prepaid Plan enrollment by April 30, 2022.
Which Prepaid Plans are eligible?
The 4-Year Florida University Plan, 1-Year Florida University Plan, 2+2 Florida Plan, 4-Year Florida College Plan and 2-Year Florida College Plan are all eligible for this promotion.
How much will my incentive be?
You will earn a $125 contribution for each year of college or university Prepaid Plan enrollment. For example, one 1-Year University Plan enrollment will earn a $125 contribution. Enrolling in one 2-Year Florida College Plan will earn $250. One 4-Year University Plan will earn the maximum $500 contribution.
I purchased a plan shortly after your last Open Enrollment period ended. Am I eligible?
Yes. All Prepaid Plan tuition enrollments completed between May 1, 2021, and April 30, 2022, are eligible.
What is the last day to finish my Prepaid Plan enrollment and be eligible?
April 30, 2022.
What is the Florida 529 Savings Plan?
The Florida 529 Savings Plan is an investment plan that may be used to set aside funds for future higher education and certain K-12 education expenses. Funds may be used tax-free to pay for any qualified higher education expense nationwide.
Is there a minimum contribution to open a Florida 529 Savings Plan?
There is no minimum contribution or application fee. Consider this plan like a savings account for college. You can contribute what you want, when you want, and eventually use it for expenses such as books, housing, and fees. Learn all about the Savings Plan here. Most families choose the simple Age-Based Portfolio investment option to get started.
With our contribution to your Florida 529 Savings Plan, you’ll be getting a head start on two fronts. You will be making payments on your Prepaid Plan for tuition, and our contribution — plus any contributions you may add to the pot — will grow as a separate investment. It’s a win-win!
We hope that this is just the incentive you need to get started saving for college. For the full list of rules regarding the Cash4College promotion, click here.