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Open enrollment for Florida college prepaid savings plans ends April 30 • Coral Springs Talk

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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

  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. Southwest Florida State College – Fort Myers
  9. Florida State College 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. University of Florida Gulf Coast – Fort Myers
  4. Florida International University – Miami
  5. Florida Polytechnic University – Lakeland
  6. Florida State University – Tallahassee
  7. New Florida College – 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 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.

Open enrollment for Florida college prepaid savings plans ends April 30

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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Author Profile

Sharon Aron Baron
Sharon Aron Baron

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.