By Sharon Aron Baron
The open enrollment window at Florida Prepaid College is almost closed – at least in 2022.
Each of their college plans is state guaranteed and starts at $45 per month for a newborn. As an incentive, families who sign up for 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 that Florida families are being hit by inflation on their grocery bills and in their gas tanks every day and reminds them of the risk-free nature and the inflation-proof plans.
“Prepaid plans provide security and affordability at a time when families want and need to know they can count on something in their budget to stay stable.”
More than 22,000 families signed up for a guaranteed and affordable Florida 529 prepaid plan during this year’s open enrollment period, choosing from five prepaid tuition plans, plus the optional prepaid dorm 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
- Southwest Florida State College – Fort Myers
- Florida State College 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
- University of Florida Gulf Coast – Fort Myers
- Florida International University – Miami
- Florida Polytechnic University – Lakeland
- Florida State University – Tallahassee
- New Florida College – 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 graduating from high school to use the plan. If a child attends an out-of-state or private college, Florida Prepaid will pay the same amount they would pay at a public Florida college or university.
This year, families can purchase a 4-year Florida College plan for a newborn for as low as $181 per month or a 2-year Florida College plan for just $54 per month.
If a child attends an out-of-state or private college, a prepaid plan will pay the same amount they would pay at a public college or university in Florida.
The board also offers a one-year Florida college plan that starts at $45 per month and covers 30 college credit hours. Multiple family members can purchase a one-year Florida college plan for the same child, sharing the cost of saving for college.
Kevin Thompson, Executive Director of Florida Prepaid, said, “Enrolling in one or two years of the One-Year Florida College Plan is a great way for families who already have a savings and investment plan of 529 to complement their savings strategy and reduce the risk of inflation in their college savings portfolio.
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Editor of Talk Media and writer for Coral Springs Talk. CST was established in 2012 to provide information, views and entertainment to residents of Coral Springs and the rest of South Florida.