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The one-step (and super smart!) way to save for college


A lot of things about parenting are complicated and confusing…sleep training, calculus, TikTok dances. But we’ve found a way to make at least one thing a whole lot easier — saving for college. Florida Prepaid has spent more than 30 years redefining the way parents plan and save for their child’s future.

We know that moms and dads alike want to know they’re doing the right thing for their kids, and we’re here to let you know that you’ve got this. Whether you’re just getting started or your child is getting close to high school graduation, here’s a great way to meet your college savings goals in a simple, risk-free way.

But before we get into it, let’s clear up what “risk-free” really means. You’re locking in future tuition costs at today’s plan prices. If the actual cost of tuition and fees is less than your total plan cost, Florida Prepaid refunds the difference. Even better, if the actual cost of tuition and fees is higher than your total plan cost, Florida Prepaid covers the difference—guaranteed.

One step at a time

For the new parents here, the concept of taking things one step at a time should be taken as literally as possible. Sometimes, as parents, the best we can hope for is making it from one minute to the next. When it comes to planning how to save for college, breaking it down can make a major difference.

Florida Prepaid recognizes the need for parents to have an affordable way to set money aside for the future, which is why we created the 1-Year Florida University Plan, starting at just $45 per month for a newborn.

This plan covers an entire year (30 credit hours) of tuition and most fees at Florida public universities, and can also be used at Florida colleges. DYK: if your child decides to go out of state, their Prepaid Plan travels with them! At a glance, here are a few helpful things to know about Florida 529 Prepaid Plans.

Florida 529 Prepaid Plans:

  • Can be used in-state or out, at public, private, trade and technical schools nationwide
  • Work great alongside scholarships and financial aid to help cover all the costs of college
  • Can be canceled anytime for a full refund, or transferred to another family member
  • Allow family members to contribute to help meet your savings goals
  • Can be combined with a 529 Savings Plan to help you diversify your college savings strategy

Why does it work?

Well, the “one step at a time” advice isn’t just lip service. The easiest way to accomplish any goal is to identify an achievable set of tasks, and saving for college is no different. A 1-Year Florida University Plan gives you the option to be strategic about paying for college. You can account for scholarships and financial aid, have grandparents pitch in to purchase a year, or apply the university hours to a less expensive State College. This plan is also a great choice for those with multiple and/or older children, who may have a larger tab to account for.

We’ll help you get there

Florida Prepaid started in 1987 with a singular goal — help make saving for college achievable for all Florida families. For more than 30 years, our services, products and strategies have grown to best serve our customers. Today, more than 1 million families have saved with us, making us the largest and most successful prepaid program in the country. But it all started with a single step, and we’ll always be here to help you take yours.

To help you get started, if you enroll in a 529 Prepaid Plan by April 30, 2022, you’ll earn $125 for each year of college or university purchased — up to $500!

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