Jan. 31 Deadline to Save for College at Current Florida Prepaid Prices
TALLAHASSEE – Families have only three weeks left to purchase a Florida Prepaid College Plan at current plan prices. Enrolling children by the January 31 deadline is easy to do online at www.myfloridaprepaid.com.
In the world of tax-free 529 college savings plans, prepaid tuition plans are increasingly popular, now that many investment-based 529s are experiencing the upheavals of the stock market, according to a recent Wall Street Journal article. For 20 years, more than 881,000 children have been enrolled in the Florida Prepaid College Plan and more than 206,000 students have used their prepaid benefits in college. The Plan is financially guaranteed by the State of Florida.
Prepaid tuition can be purchased for children and grandchildren as soon as they’re born and up until they are in the 11th grade. Once a Florida Prepaid College Plan is purchased, payments do not increase. Prepaid plans covering dormitory housing, the tuition differential fee and local fees also are available. Current plan prices are available at http://www.myfloridaprepaid.com/Affordability/Calculator.asp.
Once children are ready for college, their choice of where to go is not limited under the Florida Prepaid College Plan. The Plan can be used at Florida’s 11 public universities, 28 community colleges (including the nine colleges offering baccalaureate degrees) and select technical schools. Or the plan’s full dollar value, what would be paid to a Florida public college, can be transferred to most accredited private and out-of-state colleges.
A $50 application fee is due by the January 31 deadline. The first plan payment is not due until April 20, 2009. Families can call 1-800-552-GRAD (4723) to order an Enrollment Kit and paper application in English or Spanish and speak to a customer service representative.
Return to Current Edition