Board waives $50 application fee to celebrate three decades of helping Floridians save for college affordably
- Families can enroll in a Prepaid Plan for free, a $50 savings, by using promo code 30YEARS between February 1 and March 2.
- Prices this year remain at the same affordable rates as last year, helping families save for college with guaranteed plans that start as low as $47. A new online pricing tool makes selecting your plan simple.
- This marks the 30th year of the Florida Prepaid College Program, cementing its legacy as the largest and longest-running such program in the nation.
- Open Enrollment begins Feb. 1, 2019 and ends April 30, 2019
TALLAHASSEE, Fla. – The Florida Prepaid College Board will launch the 30th year of Open Enrollment on Friday, February 1, 2019, with Prepaid Plans that remain at the same affordable prices as last year. The Board is celebrating this historic year by making enrollment free for families who purchase plans in the first 30 days, a savings of $50.
“We are so proud to be celebrating the program’s milestone year, by celebrating the more than one million families who have already trusted in Florida Prepaid for their college savings – and by welcoming the new families who enroll this year,” said Board Chairman John Rood. “Florida Prepaid offers families the security of locking in a monthly payment that will never go up, with the guarantee that we will have their child’s tuition covered when it is time for them to attend college. That’s worry-free college savings!”
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 – that is on Florida Prepaid to manage. This year, families can purchase a 4-Year Florida University Plan for a newborn for as low as $187 a month, a 2-Year College Plan for $55 a month or a 4-Year Florida College Plan for less than $120 a month.
The Board also offers a 1-Year Florida University Plan, which starts as low as $47 per month and covers 30 university credit hours. Multiple family members can purchase a 1-Year Florida University Plan for the same child, sharing in the cost of going to college, and allowing families more savings options.
Families this year can also find a new Prepaid Plan online pricing tool that makes it simple to determine what the various plans would cost based on a child’s age, as well as explore the different payment options available.
If a child attends an out-of-state college or private college, a Prepaid Plan will pay the same amount as it would pay at a public college or university in Florida. Every Prepaid Plan is guaranteed by the State of Florida, and a child has up to 10 years after high school graduation to use a plan.
“Florida Prepaid’s success as the largest and longest-running prepaid program in the nation is truly a testament to the families who have been, and will be, part of this program,” said Executive Director Kevin Thompson. “More than 450,000 students have already attended college using their Prepaid Plan, and we are honored to be a part of this educational journey. We thank all Florida Prepaid families and look forward to another 30 years.”
From February 1 through March 2, families can enroll in a plan for free, a $50 savings, by using the promo code 30YEARS.
For more information on various plans and pricing, go to www.myfloridaprepaid.com.
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. 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 $14 billion in assets. The 529 Savings Plan has more than 70,000 active accounts with a market value of more than $600 million.