Press Release: Florida Prepaid College Foundation Awards 2-Year Florida College Plans to 10 Families

For Immediate Release
December 16, 2015

  • Ten scholarships, worth up to $8,400 each, are part of the Florida Prepaid College Foundation’s ongoing commitment to increase awareness about the importance of saving for college and the strong educational options available through our 28 State Colleges.
  • The 2-Year Florida College Plan covers tuition and other specified fees for 60 lower division credit hours at a Florida College, offering the opportunity to earn an associate’s degree or trade certification in any number of fields, and serves as a springboard to further education. Newborn plans start at $53 per month.
  • A student earning an associate’s degree at any Florida College is guaranteed admission to a State University under current law.
  • The 2015-16 Open Enrollment period runs Oct. 15, 2015 through Feb. 29, 2016.

TALLAHASSEE, Fla. – The Florida Prepaid College Foundation has awarded 10 families a 2-Year Florida College Plan scholarship as part of its ongoing commitment to broadening awareness of budget-friendly Prepaid Plan options available to families. Purchase prices for each plan currently range from $7,831 to $8,406, depending on the age of the student receiving the scholarship.

The winners entered the Florida Prepaid Scholarship Program at www.floridaprepaidscholarshipprogram.com and were selected at random from among more than 30,000 entrants.

“We are so pleased to award the gift of education to these 10 winning families,” said Board Chairman Duane Ottenstroer. “Our 2-Year Florida College Plans are a great start for any student seeking stronger career options, by earning an associate’s degree or trade certification. More students are earning their degrees by attending or starting at a state college, so our hope is that these 10 scholarships pave the way for the academic success of these students.”

Florida’s Colleges represent the primary point of access to higher education. Sixty-five percent of our state’s high school graduates who pursue a postsecondary education begin at one of 28 Florida Colleges. Currently, 54 percent of junior and senior students at state universities transferred from the Florida College System.

Open Enrollment is the only time each year when families can purchase one of the Florida Prepaid College Board’s five prepaid tuition plans and prepaid dormitory plans.

This year, families can purchase newborn plans for a 2 + 2 Florida Plan for as low as $145 a month, a 4-Year Florida College Plan for less than $115 a month, and a 2-Year Florida College Plan starting at $53 a month.

The winners of this year’s Florida Prepaid Scholarship Program are:

  • Katoia Wilkins of St. Augustine
  • Tiffany Reid of Ruskin
  • Carey Reyes of Lady Lake
  • Kim Bennett of Kissimmee
  • Michael Gars of Seminole
  • Charlotte Mollohan of Parrish
  • Robin Blatzheim of Orlando
  • Oneida McMann of Port St. Lucie
  • Colleen Mathews of Palatka
  • Christi Ortiz of Cape Coral

Each week during the program, there were also 10 winners selected to receive a prize package that included a $25 Visa Cash Card, a backpack, and a water bottle.

Prepaid Plans are available for purchase during Open Enrollment, which runs October 15, 2015 – February 29, 2016. For more information, visit www.myfloridaprepaid.com.

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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 1.6 million Florida Prepaid College Plans purchased and more than $6.7 billion invested in Prepaid Plans by Florida families. The 529 Savings Plan has more than 45,000 active accounts with a market value of more than $400 million. To see how Florida Prepaid helps families, visit here.

Contact
Shannon Colavecchio
ShannonC@moorecommgroup.com
850.224.0174