Open Enrollment For Florida Prepaid College Savings Plans Close April 30

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.”

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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

  1. Broward College – Fort Lauderdale
  2. Chipola College – Marianna
  3. College of Central Florida – Ocala
  4. Daytona State College – Daytona Beach
  5. Eastern Florida State College – Cocoa
  6. Florida Gateway College – Lake City
  7. Florida Keys Community College – Key West
  8. Florida SouthWestern State College – Fort Myers
  9. Florida State College at Jacksonville – Jacksonville
  10. Gulf Coast State College – Panama City
  11. Hillsborough Community College – Tampa
  12. Indian River State College – Fort Pierce
  13. Lake-Sumter State College – Sumterville
  14. Miami Dade College – Miami
  15. North Florida Community College – Madison
  16. Northwest Florida State College – Niceville
  17. Palm Beach State College – Lake Worth
  18. Pasco-Hernando State College – New Port Richey
  19. Pensacola State College – Pensacola
  20. Polk State College – Winter Haven
  21. Santa Fe College – Gainesville
  22. Seminole State College – Sanford
  23. South Florida State College – Avon Park
  24. St. Johns River State College – Palatka
  25. St. Petersburg College – St. Petersburg
  26. State College of Florida – Manatee-Sarasota
  27. Tallahassee Community College – Tallahassee
  28. Valencia College – Orlando

And State Universities:

  1. Florida A&M University – Tallahassee
  2. Florida Atlantic University – Boca Raton
  3. Florida Gulf Coast University – Fort Myers
  4. Florida International University – Miami
  5. Florida Polytechnic University – Lakeland
  6. Florida State University – Tallahassee
  7. New College of Florida – Sarasota
  8. University of Central Florida – Orlando
  9. University of Florida – Gainesville
  10. University of North Florida – Jacksonville
  11. University of South Florida – Tampa
  12. 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.

Open Enrollment For Florida Prepaid College Savings Plans Close April 30

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.”

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Author Profile

Sharon Aron Baron

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.

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