The deadline for signing up for Open enrollment for the Florida Prepaid College Plan is today. Florida families can now take advantage of prepaid tuition plans that remain near historic lows for the third year running, following Saturday’s kickoff of the 2016-17 Open Enrollment period. Open Enrollment is the only time each year that families can purchase one of the Florida Prepaid College Board’s five prepaid tuition plans and prepaid dormitory plans. “Prepaid Plan prices for this Open Enrollment period remain near the historic lows we have seen for the past three years,” said Board Chairman John Rood. “We encourage families to start saving now, by selecting the plan that best fits their college savings goals.”
This year, families can purchase a 4-Year Florida University Plan for a newborn for as low as $187 a month, a 2 + 2 Florida Plan for under $148 a month or a 4-Year Florida College Plan for less than $117 a month. The 1-Year Florida University Plan for a newborn starts as low as $47 per month and covers 30 university credit hours. Multiple family members can purchase a 1-Year Florida University Plan for the same beneficiary, effectively sharing in the cost of a university degree.
If a child attends an out-of-state college or private college, Prepaid Plans will pay the same amount as they would pay at a public college or university in Florida. Also, if a child receives a scholarship, Plan purchasers can get a refund for the same amount as the plan would pay a public college or university in Florida. Every Prepaid Plan is guaranteed by the State of Florida.
The Florida Prepaid Scholarship Program is helping to educate families about the importance of saving for college and the benefits of 2-Year Florida College Plans, which start at just $54 a month for a newborn. More than half of junior and senior students at state universities transfer from the Florida College System.
“Our 2- and 4-Year Florida College Plans allow families to save for college in a more affordable manner, which is part of our commitment to making saving simple and accessible,” said Board Executive Director Kevin Thompson. “However families save, we hope they will use this Open Enrollment period to learn more and start saving for college.” Click here for more info.
Photo Credit: Andreas Rentz