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Florida Prepaid College Board Launches 2016-17 Open Enrollment Period With Prepaid Plans Starting at $47 a Month
[October 28, 2016]

Florida Prepaid College Board Launches 2016-17 Open Enrollment Period With Prepaid Plans Starting at $47 a Month


Florida families can now take advantage of prepaid tuition plans that remain near historic lows for the third year running, following the recent 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 planwould pay a public college or university in Florida. Every Prepaid Plan is guaranteed by the State of Florida.



The Florida 2-Year Florida College Plans is being offered 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."


Prepaid Plans are available for purchase during Open Enrollment, which runs October 15, 2016 - February 28, 2017. For more information, visit 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. Florida Prepaid is the largest, longest running and most successful prepaid plan in the nation with more than 1.6 million Florida Prepaid College Plans purchased and more than $6.7 billion invested in Prepaid Plans by Florida families. The 529 Savings Plan has more than 50,000 active accounts with a market value of approximately $449 million. To see how Florida Prepaid helps families, visit here


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