How does a Florida Prepaid College Plan work?

Lock in future college costs for less and save, worry-free, with a Florida Prepaid Plan.





Prepay future tuition and most fees in affordable installments or a lump-sum payment. Dormitory plans also available.



Pick a plan and make your payments. It’s that simple. You don’t have to worry about how much college costs go up in the future – or the ups and downs of the stock market. That’s on us to manage.



Get peace of mind that comes with knowing that your child’s future is covered. Guaranteed by the State of Florida — you will never lose your investment.



Find the Plan That Fits Your Budget

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What does worry-free really mean?

Prepaid Plans are designed to work where, how and when you need them. The future is unpredictable, but you can count on your Prepaid Plan whatever your child’s needs might be.



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Where can Prepaid Plans be used?

Designed for Florida schools, can be used at most schools nationwide. The value we pay to other schools is the same as we would have paid to a Florida school.


What if my child receives a scholarship?

Great! You can use a Prepaid Plan to cover other college costs like grad school. Or you can get a refund for what we would have paid out on your plan and use that for housing, supplies, etc.


How long can a Prepaid Plan be used?

A Prepaid Plan locks in coverage for a full 10 years AFTER your child’s projected high school graduation/college enrollment year.


What if my child doesn’t go to college?

Plans can be transferred to another family member, or you can get refund for what you paid for your plan.


What if we move out of state?

Your Plan travels too! Plus, if your child returns to a Florida school, the Plan qualifies them for in-state tuition.



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How does plan pricing work?

Plan prices are lower than what college is expected to cost in the future. Plan payments are invested to make up the difference. Our actuaries estimate future college costs based on in-state tuition and fees, anticipated inflation, and historical usage patterns.

What if college prices are higher or lower than projected?

We pay the actual cost of college in the future, even if it is higher than what was projected, and the benefit you receive from a plan will never be less than the price you pay for it – you cannot lose money.


What if I already have a 529 Savings Plan?

It’s a great strategy to have both a Prepaid Plan and a 529 Savings Plan to cover each and every cost your student will encounter in college—from tuition and fees to dorms, meal plans and equipment.

How do I choose between a College or University plan?

You can choose the plan that’s right for your family’s budget and savings goals knowing that a college plan can be used at a university and a university plan can be used at a college. We just pro-rate the value in each situation.

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Ready to see your Prepaid Plan prices?

View Prepaid Plan Prices


Additional questions about Florida Prepaid Plans? View our FAQs.