Open Enrollment For Florida Prepaid College Savings Plans Close April 30

By Sharon Aron Baron

The window for Florida Prepaid College open enrollment is almost shut — at least in 2022.

Each of their college plans is guaranteed by the state and starts at $45 a month for a newborn. As an incentive, families who enroll in a Prepaid Plan before April 30, 2022, will earn a bonus of up to $500 in a Florida 529 Savings Plan for additional college expenses.

Florida Prepaid Board Chairman John D. Rood knows Florida families are being impacted by inflation each day on their grocery bills and in their gas tanks and reminds them of the risk-free, inflation-proof nature of the plans.

“Prepaid Plans offer security and affordability at a time when families want and need to know they can depend on something in their budgets remaining stable.”

More than 22,000 families have enrolled in a guaranteed and affordable Florida 529 Prepaid Plan during this year’s open enrollment period, choosing between five prepaid tuition plans, as well as the optional prepaid dormitory plan.

Florida Prepaid can be used at the following schools — formerly community colleges

Broward College – Fort Lauderdale
Chipola College – Marianna
College of Central Florida – Ocala
Daytona State College – Daytona Beach
Eastern Florida State College – Cocoa
Florida Gateway College – Lake City
Florida Keys Community College – Key West
Florida SouthWestern State College – Fort Myers
Florida State College at Jacksonville – Jacksonville
Gulf Coast State College – Panama City
Hillsborough Community College – Tampa
Indian River State College – Fort Pierce
Lake-Sumter State College – Sumterville
Miami Dade College – Miami
North Florida Community College – Madison
Northwest Florida State College – Niceville
Palm Beach State College – Lake Worth
Pasco-Hernando State College – New Port Richey
Pensacola State College – Pensacola
Polk State College – Winter Haven
Santa Fe College – Gainesville
Seminole State College – Sanford
South Florida State College – Avon Park
St. Johns River State College – Palatka
St. Petersburg College – St. Petersburg
State College of Florida – Manatee-Sarasota
Tallahassee Community College – Tallahassee
Valencia College – Orlando

And State Universities:

Florida A&M University – Tallahassee
Florida Atlantic University – Boca Raton
Florida Gulf Coast University – Fort Myers
Florida International University – Miami
Florida Polytechnic University – Lakeland
Florida State University – Tallahassee
New College of Florida – Sarasota
University of Central Florida – Orlando
University of Florida – Gainesville
University of North Florida – Jacksonville
University of South Florida – Tampa
University of West Florida – Pensacola

According to Florida Prepaid, a child has up to ten years after high school graduation to use the plan. If a child attends an out-of-state or private college, Florida Prepaid will pay the same amount as it would pay at a public college or university in Florida.

This year, families can purchase a 4-Year Florida University Plan for a newborn for as low as $181 a month or a 2-Year Florida College Plan for just $54 a month.

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.

The Board also offers a 1-Year Florida University Plan which starts as low as $45 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 saving for college.

Kevin Thompson, Florida Prepaid Executive Director said, “Enrolling in one or two years of the 1-Year Florida University Plan is a great way for families that already have a 529 savings and investment plan to round out their savings strategy and reduce inflationary risk in their college savings portfolio.”

Send Your News to Coral Springs #1 Award-Winning News Site Here.

Author Profile

Sharon Aron Baron

Editor of Talk Media and writer for Coral Springs Talk. CST was created in 2012 to provide News, Views, and Entertainment for the residents of Coral Springs and the rest of South Florida.