How does the Florida 529 Savings Plan work?

The Florida 529 Savings Plan allows you to develop your own plan to save for college and K-12 education. You decide how much you want to save and when you want to save. You also get to choose how you want to invest your savings using the investment options offered by the plan. Options include a predesigned enrollment year portfolio, predesigned static portfolios, and a suite of individual investment funds, which cover a broad spectrum of asset classes. When it comes time for college or K-12 education, you use your savings to pay for actual costs at that time.