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Explore Our Florida 529 Savings Plan

The Florida 529 Savings Plan offers a flexible approach to saving.

  • Open — Start your account in about 10 minutes
  • Choose — Select from a variety of investment options to fit your savings goals
  • Save — Contribute what you can, as often as you’d like

Open An Account

Knowing is Believing

You can take the hassle out of investing with our most popular investment option – the Age Based/Years to Enrollment Portfolio.

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Flexible Contributions

You can contribute as much or as little as you want to your Florida 529 Savings Plan. It’s easy to set up monthly contributions and change them at any time. You can also invite family and friends to contribute toward your college savings goals with our eGift portal.

Tax-Advantaged

Our Florida 529 Savings Plan allows your investment earnings to grow tax-free. That means more dollars saved for your student’s future.

Great Coverage

Use 529 Savings Plans for many education costs—from qualified K-12 expenses to higher education tuition and fees, housing, books and supplies. Funds can be used at any qualified educational institution nationwide, public or private.

Investing with a Florida 529 Savings Plan

The Florida 529 Savings Plan offers a variety of investment options. From conservative to aggressive, beginner to expert, a Florida 529 Savings Plan suits every investment style.

I prefer a simple, predesigned approach to saving.

Our most popular account, the Age Based/Years to Enrollment Portfolio adjusts the mix based on your child’s age and number of years to college enrollment.

I prefer to customize my investment strategies.

Create your own portfolio, choosing from three predesigned portfolio options and eight individual fund options that include money market, bond and stock choices.

How Much Should You Save for College?

In 2016-2017, the national average college cost for one year at a public university (including tuition, fees, room and board) was $20,000. Studies show that families expect to pay about 40% out of pocket, with scholarships, grants and loans covering the remaining amount.

Find out what the cost of college looks like for your family with our personalized college cost calculator. Enter your child’s age, choose information from a specific college or university, and view costs both with and without room and board.

Automatic Monthly Deposits Add Up

Setting up monthly contributions is an easy strategy for keeping your college savings on track.

If you have questions, we have the answers!

How can a Prepaid Plan and a Savings Plan work together?

Prepaid Plans and Savings Plans work well together. For example, you could use a Prepaid Plan to cover up to four years of tuition, and fees and a Savings Plan to pay for books, a computer, and room and board. If you don’t want to use a Prepaid Plan to save for all four years of tuition and fees, you could purchase a 2-Year Florida College Plan or one or more 1-Year Florida University Plans and also open a Savings Plan.

How often can I change my investment allocation?

You may change your investment allocation for new contributions at any time, but the existing balance may be reallocated only twice per calendar year.

How and where can the child/adult use the funds from the plan tax-free?

Funds may be used tax-free to pay for any qualified higher education expense, such as tuition, fees, books, room and board, etc. at schools nationwide.

Do I have to be a Florida resident to open a Florida 529 Savings Plan?

No, Florida residency is not required. Anyone who is 18 years or older and a U.S. citizen or resident alien may open a Florida 529 Savings Plan at any time for a child or adult, regardless of age, who is a U.S. citizen or resident alien.

What happens if the child/adult graduates early or didn't use all the funds?

Remaining funds in the Florida 529 Savings Plan can be used for graduate courses, transferred to an eligible family member of the child, or refunded to the Account Owner.

How much does it cost?

The Florida 529 Savings Plan is an investment plan, so you can choose how much and how often you contribute. There is no minimum contribution to get started and you can change your contribution amount as often as you like.

When can a Florida 529 Savings Plan be opened?

A Florida 529 Savings Plan account can be opened at any time. Grandparents, friends or family members can open an account or contribute to an existing one.

Are my investments guaranteed?

The Florida 529 Savings Plan is not insured or guaranteed. Investment returns will vary depending on the performance of the investment options you choose.

How involved do I need to be with managing my investment?

As much or as little as you like. The Portfolio Options provide a predesigned, diversified allocation structure that is professionally managed for you. Or you can decide to set different allocations based on your goals and comfortable risk level by combining the Portfolio and Fund Options, or choosing only a Fund Option.

Can I use funds from my Florida 529 Savings Plan toward my child’s K-12 education?

The Tax Cuts and Jobs Act of 2017 expanded the definition of qualified higher education expenses, under Section 529 of the Internal Revenue Code, to include expenses for tuition and mandatory fees associated with enrollment or attendance at an elementary or secondary public, private, or religious school. Such expenses are limited to $10,000, in the aggregate, from all 529 plans for the student. The new law applies to any withdrawal or expense after January 1, 2018.

Please visit our Savings Plan FAQS for more information.