Almost 20,000 Prepaid Plans Already Sold This Historic Open Enrollment Period
The Florida Prepaid College Board is waiving $50 application fee through March 2 to celebrate three decades of helping Floridians save for college affordably
TALLAHASSEE, Fla., Feb. 27, 2019 /PRNewswire-PRWeb/ -- The Florida Prepaid Board is waiving $50 application fee through March 2 to celebrate three decades of helping Floridians save for college affordably
Families can enroll in a Prepaid Plan for free, a $50 savings, by using promo code 30YEARS through Saturday, March 2.
- Almost 20,000 Prepaid Plans sold this year already
- Same affordable rates as last year, helping families save for college with guaranteed plans that start as low as $47. A new online pricing tool makes selecting your plan simple.
- This marks the 30th year of the Florida Prepaid College Program, cementing its legacy as the largest and longest-running such program in the nation.
- Open Enrollment began Feb. 1, 2019 and ends April 30, 2019
More than 20,000 Florida Prepaid Plans have already been started this Open Enrollment period, allowing families to take advantage of prices that remain at the same affordable rates as last year, with plans starting as low as $47 a month.
As part of the Florida Prepaid College Board's celebration of its 30th anniversary, the Board has made enrollment free through Saturday, March 2, for families who purchase plans in the first 30 days, a savings of $50.
Open Enrollment began Friday, February 1, 2019, and ends April 30, 2019.
"We are thrilled to see so many families already beginning their college savings journey with us, as we celebrate our milestone year," said Board Chairman John Rood. "More than one million families have been saving with us for the past three decades, giving all of them the peace of mind of knowing that their monthly payment will never go up, and we will have their child's tuition covered when it is time for them to attend college."
A Prepaid Plan allows families to start saving early so their child's college tuition is ready and waiting for them. This year, families can purchase a 4-Year Florida University Plan for a newborn for as low as $187 a month, a 2-Year College Plan for $55 a month or a 4-Year Florida College Plan for less than $120 a month.
The Board also offers a 1-Year Florida University Plan, which 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 child, sharing in the cost of going to college. University dormitory plans are also available.
Families this year are also taking advantage of a new online pricing calculator that makes it simple to determine what the various plans would cost based on a child's age.
If a child attends an out-of-state or private college, a Prepaid Plan will pay the same amount as it would pay at a public college or university in Florida. Every Prepaid Plan is guaranteed by the State of Florida, and a child has up to 10 years after high school graduation to use the plan.
Through March 2, families can enroll in a plan for free, a $50 savings, by using the promo code 30YEARS.
For more information on various plans and pricing, go to http://www.myfloridaprepaid.com.
About the Florida Prepaid College Board
The Florida Prepaid College Board manages the Stanley G. Tate Florida Prepaid College Program and the Florida 529 Savings Plan. Both are tax-favored 529 college savings plans authorized by Section 529 of the Internal Revenue Code. In 1987 the Florida Prepaid College Program was created by the Florida Legislature and the commitment and dedication of Mr. Stanley G. Tate to provide Florida families with an affordable means to save for their children's future college education. The first Florida Prepaid College Plans were sold in 1988, and were augmented with the addition of the Florida 529 Savings Plan in 2002. Florida Prepaid is the largest, longest running and most successful prepaid plan in the nation with more than 2 million Florida Prepaid College Plans purchased and more than $14 billion in assets. The 529 Savings Plan has more than 70,000 active accounts with a market value of more than $600 million.
To see how Florida Prepaid helps families, visit here.
SOURCE The Florida Prepaid College Board
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