Saving for your child’s education doesn’t have to feel like cracking a code. Whether you’re just getting started with saving or building on a plan you already have, our Prepaid 529 Plans and Investment 529 Plan are designed to help families move closer to their education goals.
Each plan comes with its own strengths, and when combined, they can give you a more complete savings strategy. Here’s how it works.
Prepaid 529 Plans: Lock in Peace of Mind
A Prepaid Tuition 529 Plan is all about keeping things simple and predictable. It is a prepackaged savings plan that covers tuition and most fees in manageable one-year chunks. The best part? You lock in today’s plan prices for less, and your investment is guaranteed by the State of Florida. That means no matter how much tuition rises, your cost stays the same. Nice, right?And if dorm life is on the horizon, the optional Prepaid Dormitory 529 Plan helps cover housing one year at a time—making costs feel a lot less intimidating over time. A good thing, too, as living expenses account for nearly half of the 5 primary college expenses.
And just like all Prepaid Plans, your Dorm Plan is guaranteed by the State of Florida.
Fund Fact
No matter how much tuition and fees, or dormitory housing, goes up, you’re covered. And, if the actual cost is less than your total plan cost, Florida Prepaid refunds the difference.
Investment Plans: Control in Your Hands
Think of the Investment 529 Plan as your flexible sidekick. Save what you want, when you want, to cover a wide variety of higher education expenses like housing, books, laptops, meal plans, and even K–12 education expenses like tuition. But the benefits don’t stop there—your earnings also grow tax-free, allowing your money to work harder for you!
Plus, even if your child’s path changes, your savings don’t go to waste. Unused funds can roll into a Roth IRA (up to $35,000) or transfer to another family member.
Fund Fact
Families who set up automatic monthly contributions save 3x more than those who don’t.
Better Together: The Dynamic Duo
The biggest advantage? Maximizing savings by using both plans together.
Prepaid Plans lock in tuition and most fees at today’s prices so you don’t have to worry about inflation. The Investment Plan fills in the gaps with flexibility for everything else. Together, they give you a balanced, simple saving strategy that adapts to your family’s needs as your child grows.
Not sure how much of each plan makes sense for your family? No problem! Easily explore and compare your options on our new website!
Why This Matters for Families Today
College costs keep climbing, the economy is full of surprises, and no two family journeys look the same. That’s why Florida Prepaid plans are built for the real world, designed to grow with your needs, and flexible enough to cover everything from K–12 to college tuition. These plans aren’t just about saving money—they’re about ensuring you’re prepared for their future.
Create a savings strategy that’s simple, flexible, and built just for your family with our new Plan Builder Tool today!
