See how quickly your savings can grow!
A Florida 529 Savings Plan is a flexible, affordable, tax-free way to save for college. Saving a little at a time adds up to big college savings!
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In just 60 seconds, learn how to save for college on your terms.
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Overview of Savings Plans
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Did You Know
Frequently Asked Questions
Our Florida 529 Savings Plan has some of the lowest fees in the nation and earnings that grow tax-free – so your money works harder for you!
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Where can I use my 529 Savings Plan?
Use at most higher education institutions nationwide, as well as for qualified K-12 education expenses.
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How long can a Savings Plan be used?
There is no set time period. Also, funds may be transferred to another member of the family.
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What if we move out of state?
Your plan travels with you and can be used at most colleges, universities, technical and trade schools.
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What types of expenses can my 529 Savings Plan cover?
- Tuition and fees
- Housing and meal plans
- Books and supplies
- Computers and equipment
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How much do most families save?
It varies by family. Studies show that many families expect to pay about 40% out of pocket, with scholarships, grants and loans covering the remaining amount.
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What if my child receives a scholarship?
Great! You can use your 529 Savings Plan to cover other college costs like housing, books, supplies or graduate school.
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What if my child doesn’t go to college?
You can cancel the plan and withdraw the remaining balance or the plan can be transferred to another family member.
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What if I already have a 529 Prepaid Plan?
That’s even better. You can use a 529 Savings Plan to cover costs not covered by your Prepaid Plan, like books, supplies and housing.
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Can I use funds for K-12 education?
Yes. As of 2019, qualified expenses now include tuition and mandatory fees associated with enrollment or attendance at an elementary or secondary public, private, or religious school, up to $10,000 annually.
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