How does a Prepaid Plan work?

It allows you to prepay the cost of college in advance with fixed payments based on the age of your child, and lock in the cost of tuition and fees for less than the projected cost of college.

If the actual cost of tuition and fees is less than your total plan cost, Florida Prepaid refunds the difference. If the actual cost of tuition and fees is higher than your total plan cost, Florida Prepaid covers the difference—guaranteed by the State of Florida. You can never lose your investment.