How does the Investment Plan work?

Open a new plan by November 10 and earn a $50 bonus!

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Why is this a great option?

You get the benefit of locking in tuition plan prices with fixed monthly payments and the flexibility to save for other expenses as your budget allows. You can combine both plans for a well-balanced, diversified savings strategy.

Why is this a great option?

You can use your savings for a wide variety of expenses and control how much you invest and when for ultimate flexibility. As with any investment, the value of your plan will change based on market conditions and the investment option(s) you select.

Why is this a great option?

You know exactly what you are getting for your fixed monthly payment—a 100% risk-free investment that covers a set number of years of tuition and most fees.

Terms of Use

Introduction
These Website Standard Terms of Use written on this webpage shall manage your use of this website. These Terms will be applied fully and affect to your use of this Website. By using this Website, you agreed to accept all terms and conditions written in here. You must not use this Website if you disagree with any of these Website Standard Terms of Use. Minors or people below 18 years old are not allowed to use this Website.
Intellectual Property Rights
Other than the content you own, under these Terms, Florida Prepaid College Board and/or its licensors own all the intellectual property rights and materials contained in this Website.

You are granted limited license only for purposes of viewing the material contained on this Website.
Restrictions
Certain areas of this Website are restricted from being accessed by you, and Florida Prepaid College Board may further restrict access by you to any areas of this Website, at any time, in absolute discretion. Any user ID and password you may have for this Website are confidential and you must maintain confidentiality as well.

You are specifically restricted from all of the following:
- Publishing any Website material in any other media;
- Selling, sublicensing and/or otherwise commercializing any Website material;
- Publicly performing and/or showing any Website material;
- Using this Website in any way that is or may be damaging to this Website;
- Using this Website in any way that impacts user access to this Website;
- Using this Website contrary to applicable laws and regulations, or in any way that may cause harm to the Website, or to any person or business entity;
- Engaging in any data mining, data harvesting, data extracting or any other similar activity in relation to this Website;
- Using this Website to engage in any advertising or marketing.
Your Content
In these Website Standard Terms and Conditions, “Your Content” shall mean any audio, video text, images or other material you choose to display on this Website. By displaying Your Content, you grant Florida Prepaid College Board a non-exclusive, worldwide irrevocable, sub licensable license to use, reproduce, adapt, publish, translate and distribute it in any and all media.

Your Content must be your own and must not be invading any third-party’s rights. Florida Prepaid College Board reserves the right to remove any of Your Content from this Website at any time without notice.
No Warranties
This Website is provided “as is,” with all faults, and Florida Prepaid College Board expresses no representations or warranties of any kind related to this Website or the materials contained on this Website. Also, nothing contained on this Website shall be interpreted as advising you.
Limitation of Liability
In no event shall Florida Prepaid College Board, nor any of its officers, directors and employees, shall be held liable for anything arising out of or in any way connected with your use of this Website whether such liability is under contract. Florida Prepaid College Board, including its officers, directors and employees shall not be held liable for any indirect, consequential or special liability arising out of or in any way related to your use of this Website.
Indemnification
You hereby indemnify to the fullest extent Florida Prepaid College Board from and against any and/or all liabilities, costs, demands, causes of action, damages and expenses arising in any way related to your breach of any of the provisions of these Terms.
Severability
If any provision of these Terms is found to be invalid under any applicable law, such provisions shall be deleted without affecting the remaining provisions herein.
Variation of Terms
Florida Prepaid College Board is permitted to revise these Terms at any time as it sees fit, and by using this Website, you are expected to review these Terms on a regular basis.
Assignment
The Florida Prepaid College Board is allowed to assign, transfer, and subcontract its rights and/or obligations under these Terms without any notification. However, you are not allowed to assign, transfer, or subcontract any of your rights and/or obligations under these Terms.
Entire Agreement
These Terms constitute the entire agreement between Florida Prepaid College Board and you in relation to your use of this Website, and supersede all prior agreements and understandings.
Governing Law & Jurisdiction
These Terms will be governed by and interpreted in accordance with the laws of the State of Florida, and you submit to the non-exclusive jurisdiction of the state and federal courts located in Florida for the resolution of any disputes.

Protecting your personal information is important to the Florida Prepaid College Board.

We respect your right to privacy and recognize your trust in us to keep information about you secure and confidential. We do not share mobile opt-in data with any third parties.

The Board collects personal information about our customers (account owners, survivors and beneficiaries) from the enrollment application, correspondence, account transactions and other forms of communication. In compliance with federal regulations, the Board has physical, electronic and procedural safeguards in place to protect this information.

The Board does not disclose any non-public personal information about current or former customers, except as required by law. We may share some personal information about our customers with companies that provide services for the Board. These companies are required to adhere to our privacy and security standards, and their use of the information is restricted only to the information needed to provide program-related services to you.

The Board reserves the right to modify its privacy policy at any time. If modified, we will notify you of the change and, as applicable, allow you time to choose whether you want the information shared.

We utilize Hotjar to gain insights into our users’ needs and optimize their experience with our service. Hotjar, a technology service, aids us in comprehending user behavior, such as page navigation, link clicks, and user preferences, allowing us to continually improve our service based on user feedback. Through the use of cookies and similar technologies, Hotjar collects data on user behavior and device characteristics in an anonymized manner, including IP addresses (captured and stored anonymously), device screen size, browser information, geographic location (limited to country), and language preference. This information is stored in pseudonymized user profiles, ensuring the privacy of our users. Neither Hotjar nor we will ever attempt to identify individual users or merge this data with additional user information. Users can further enhance their privacy by adjusting their browser settings globally to prevent the creation of user profiles, limit data storage by Hotjar, and disable tracking cookies across multiple websites via an opt-out link. For more information on Hotjar’s privacy practices, please refer to their privacy policy.

Florida Prepaid uses cookie-based and cookieless technology to identify and connect devices. Learn more.

Troy Miller

Troy Miller is the Deputy Chief Data Officer for the Florida Board of Governors and provides stakeholders with data and analytics concerning the State University System of Florida. Prior to joining the Board, Mr. Miller served as Associate Director for Research and Policy at the Florida College Access Network and is a doctoral candidate at the University of South Florida’s College of Education. He is a recipient of the University of South Florida Outstanding Staff Award and National College Access Network’s Dr. David B. Swedlow Memorial College Access Practitioner Award of Excellence. Mr. Miller received bachelor’s and master’s degrees from Central Michigan University.

Radford Lovett

Mr. Lovett is managing director and co-founding partner of Lovett Miller & Co., a Florida-based venture capital and private equity firm that invests in privately held companies primarily in the Southeastern United States. Mr. Lovett has also served as founder, chairman and chief executive officer of two successful growth companies, TowerCom Development, LP, and TowerCom Limited. In addition, Mr. Lovett formerly served as a member of the board of trustees for the University of North Florida and also served as president of the foundation board and co-chairman of the University of North Florida’s Capital Campaign. He is also a former chairman of the Youth Crisis Center and the Jacksonville Jaguars Honor Rows program. Mr. Lovett graduated from Harvard College and lives in Atlantic Beach, Florida.

Kathy Hebda

Chancellor Kathy Hebda has committed more than 30 years to improving education for students in Florida across all educational sectors. As Chancellor of the Florida College System’s 28 institutions, she continues to advocate for open access for all Floridians to high-quality, affordable postsecondary education. Chancellor Hebda began her educational career in Florida’s and Georgia’s public school system as a middle school chorus teacher. She came to the Florida Department of Education (FDOE) in 1992 first serving as a program specialist, policy coordinator, and administrator of the District Certification Partnership Training Program in the Bureau of Educator Certification. Hebda also held positions as FDOE’s Deputy Public School Chancellor for Educator Quality, as well as Chief of the Bureau of Educator Recruitment, Development, and Retention. Before becoming Chancellor of the Florida College System, Hebda served as Chief of Staff to Florida’s former Commissioner of Education Pam Stewart. Chancellor Hebda earned her master’s degree in Music Education from Florida State University and a bachelor’s degree in Music Education from Newberry College in South Carolina.

Slater Bayliss

Slater Bayliss was appointed to the Florida Prepaid College Board by Governor Ron DeSantis in 2021. Slater is a co-founder of The Advocacy Partners and has worked in public affairs for over two decades. He advises large and small companies specializing in areas of financial services, insurance, and risk management. Previously, Slater served in Governor Jeb Bush’s administration where his portfolio included business recruitment and economic development. Following his time in the Governor’s office he managed the only citizen’s initiative campaign in Florida history to successfully repeal a provision from the state constitution. In this role he managed all financial and accounting functions for the campaign in addition to directing political strategy. Slater served in numerous volunteer roles including as Chair of the Florida Sports Charitable Foundation where he oversaw investment management as well as the foundation’s grant process. Additionally, he has served as Chair of the Board of Directors for Tree House of Tallahassee and was responsible for the financial solvency and strategy of the organization. Slater earned a bachelor’s degree from the University of Iowa and a master’s degree from Florida State University.

Mark Agustin

Mark Agustin currently serves as an executive with Blue Ridge Associates, a leading provider of technology enabled compliance consulting and administrative processing services within the US retirement industry.

Prior to joining Blue Ridge Associates, Mark served as Chief Operating Officer of Today’s Dental Network, a leading dental services organization. Previously, Mr. Agustin served as President of Aspire Financial Services, a leading provider of technology enabled financial processing services within the U.S. retirement industry. Mark has also served in various executive leadership roles with Carrier Enterprise, PMSI/AmerisourceBergen, Zavata, Watsco, IMR Global, and HealthPlan Services.

Mr. Agustin received his Bachelor of Science degree in Finance and Accounting from Widener University.

Adria D. Starkey

Vice Chairman

Adria D. Starkey was appointed to the Florida Prepaid College Board by Governor Rick Scott in December 2015. Ms. Starkey serves as the Collier County President for FineMark National Bank & Trust. Ms. Starkey has three decades of experience in financial services. Prior to joining FineMark, Ms. Starkey was Chief Operating Officer of The Sanibel Captiva Trust Company and President of The Naples Trust Company. She is currently on the Foundation Board for Healthcare Network of Southwest Florida, the Board of Directors for Gulfshore Playhouse and the Friends of Baker Park Board of Directors. She is currently a trustee of the Naples Children and Education Foundation. Ms. Starkey holds a degree in finance from the University of Florida and has done postgraduate work at Florida International University, University of Miami and the University of North Carolina.

John D. Rood

Chairman

Ambassador John D. Rood was appointed to the Florida Prepaid College Board by Governor Rick Scott in 2016 and is the current Chairman of the Board. Mr. Rood is the founder and chairman of The Vestcor Companies. He served as United States Ambassador to the Commonwealth of the Bahamas from 2004 until 2007. Mr. Rood previously served as a member of the Florida Fish and Wildlife Conservation Commission and the Board of Governors of the State University System. He is on the Board of Trustees of Flagler College and previously served as a board member for Episcopal High School and Teach for America. Mr. Rood received his bachelor’s degree from the University of Montana.

Email these prices to remember your options!

Send a copy of the plan prices for your child born on xx/xx/xxxx for easy reference. Prepaid Plan prices were valid through April 30, 2025.

Investment Performance Disclaimer

The investment returns for the investment options are provided as general information only and are not intended to provide investment or other advice. Past performance is no guarantee of future performance. The Program cannot and will not provide legal, financial or tax advice, and nothing herein or in any other written materials shall be construed as such.

The administrative fees are available in the Program Description and Participation Agreement found on our website.

The investment return shown for each investment option reflects the returns for the portfolio(s) comprising the investment option. For investment options that consist of multiple portfolios, the Board may change the allocations. When such changes occur, historical performance will be based on the allocations as of the date of the change. Performance for periods after the change will be based on the updated allocations.

Please see the Program Description & Participation Agreement for the Investment 529 Plan.

The assets of the Investment 529 Plan are invested in accordance with the guidelines.

Investment returns shown in the table above were calculated by Aon, the Board’s investment consultant, by computing the percentage change in the trust unit value of each investment option. The unit values were provided to Aon for computing the investment returns.

Estimated Total Plan Value

Your estimated total plan value is calculated based on how much we anticipate paying out on your Prepaid 529 Plan (if selected) and how much your Investment 529 Plan (if selected) could be valued at in the future, assuming a 5% annual rate of return.

Prepaid 529 Plan estimated payout is based on the amount we anticipate paying schools for tuition and fees covered by your plan. The estimate is based on current in-state tuition and fees, anticipated inflation and historical usage patterns. The actual benefit (costs paid in the future) may be higher or lower. However, the actual benefit will never be less than the price you pay for a plan – you cannot lose money.

Investment 529 Plan estimated value is calculated based on a simple interest formula using a 5% assumed annual rate of return. The Investment 529 Plan is not guaranteed and is subject to market conditions. It is possible to lose money with any investment.

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Open a new plan by November 10 and earn a $50 bonus!

Why is this a great option?

Why is this a great option?

Why is this a great option?

Terms of Use

Protecting your personal information is important to the Florida Prepaid College Board.

Troy Miller

Radford Lovett

Kathy Hebda

Slater Bayliss

Mark Agustin

Adria D. Starkey

John D. Rood

Email these prices to remember your options!

Investment Performance Disclaimer

Estimated Total Plan Value