- Reduced 2020 Prepaid Plan prices start at $44 / month for a newborn.
- Prepaid Plan Open Enrollment is from February 1 through April 30, 2020.
- Use promo code EARLY50 through February 29, 2020, to waive the $50 application fee.
TALLAHASSEE, Fla. – The Florida Prepaid College Board has announced the 2020 Open Enrollment window with the lowest Prepaid Plan prices in five years, giving Florida families an opportunity to start saving for college risk-free for as little as $44 a month for a newborn. The special pricing is available during Open Enrollment from February 1 through April 30.
“These price reductions reflect our commitment to the Florida Prepaid College Board’s founding mission, which was and remains more than 30 years later, to help Florida families save for college in a way that is simple and affordable,” said Board Chairman John D. Rood. “We understand the powerful message we send to our children by saving for their college education; it sets the expectation for that child that they will pursue higher education, and that their family supports them in this journey.”
With Plans now starting at just $44 / month for a 1-Year Florida University Plan for a newborn, there is no better time to start saving. The Board also offers four other Prepaid Plans, including the most popular 4-Year Florida University Plan, which starts at $177 a month, as well as the 2+2 Florida Plan, the 2-Year Florida College Plan and the 4-Year Florida College Plan. Families can use the Prepaid Plan online pricing tool to determine what the various plans cost based on a child’s age, as well as explore the different payment options available.
Families can enroll in a Prepaid Plan for free, a $50 savings, by using promo code EARLY50 through February 29, 2020.
A Prepaid Plan allows families to lock in future college costs for less so their child’s college tuition is ready and waiting for them. Families simply pick a Prepaid Plan to fit their budget and savings goals. There are no worries about the ups and downs of the stock market or how much tuition might go up. Prepaid Plans are guaranteed by the State of Florida.
“Our plans are designed to be flexible and affordable, allowing families to save early even if they can’t yet imagine their child’s interests or postsecondary plans,” said Executive Director Kevin Thompson. “We hope this year’s lower prices will encourage even more Florida families to start saving.”
To learn more, visit myfloridaprepaid.com today.
About the Florida Prepaid College Board
The Florida Prepaid College Board manages the Stanley G. Tate Florida Prepaid College Program and the Florida 529 Savings Plan. Both are tax-favored 529 college savings plans authorized by Section 529 of the Internal Revenue Code. In 1987 the Florida Prepaid College Program was created by the Florida Legislature and the commitment and dedication of Mr. Stanley G. Tate to provide Florida families with an affordable means to save for their children’s future college education. The first Florida Prepaid College Plans were sold in 1988, and were augmented with the addition of the Florida 529 Savings Plan in 2002. The Board also oversees two direct-support organizations – The Florida Prepaid College Foundation and Florida ABLE, Inc., d/b/a ABLE United. Florida Prepaid is the largest, longest running and most successful prepaid plan in the nation with more than 2 million Florida Prepaid College Plans purchased and more than $15 billion in assets. The 529 Savings Plan has more than 80,000 active accounts with a market value of more than $675 million.
