Published On: Tue, Apr 16th, 2019

Florida Prepaid 2019 Open Enrollment Period Ends April 30: Join the 20,000 Families Who Have Locked in College Tuition For Less

Families who enroll by April 30 will also get half off LEGOLAND ® Florida tickets

  • Open Enrollment ends April 30 and is the only time each year that families can lock in this year’s  plan prices – with Prepaid Plans starting at less than $47 per month.
  • Prepaid Plans work great alongside scholarships, and Plan value can be used at schools nationwide.
  • Anyone who enrolls by April 30 will get half off LEGOLAND ® Florida tickets for the beneficiary and family.

Boca Raton, FL – With just two weeks remaining in its 30th anniversary Open Enrollment period, the Florida Prepaid College Board is encouraging families to join the more than 20,000 who have already locked in future college tuition costs this year by signing up for one of six guaranteed and affordable Florida Prepaid College Plans.

Open Enrollment ends April 30, 2019. It is the only time each year that families can lock in the price of one of the Florida Prepaid College Board’s five prepaid tuition plans and optional prepaid dormitory plans. Prices this year start at just $47 per month.

As a bonus for getting college savings on track this year, all 2019 Florida Prepaid Plan enrollees will get 50% off LEGOLAND® Florida park tickets for up to three family members including the beneficiary. Once Open Enrollment ends, enrollees will get an email with ticket purchase information. LEGOLAND ® Florida and Florida Prepaid have come together to encourage Florida families to support their children’s imagination, while saving for their college education.

“The chance to save for college affordably, allowing families to lock in a monthly payment that will never go up, is a significant benefit of living in Florida,” said Board Chairman John Rood. “As we celebrate 30 years of helping college students graduate with little to no debt, setting the national standard for prepaid tuition programs, we encourage Florida families to take advantage of how simple and affordable it is to start saving for college today in a stress-free way that fits their budget.”

According to the Pew Research Center, 40 percent of adults younger than 30 have student loan debt. State data shows that on average, Florida college graduates with student loan debt owe $24,000. Nationally, student loan debt is more than $1.5 trillion, according to Forbes.

A Prepaid Plan allows families to start saving early so their child’s college tuition is ready and waiting for them. This year, families can purchase a 4-Year Florida University Plan for a newborn for as low as $187 a month, a 2-Year College Plan for $55 a month or a 4-Year Florida College Plan for less than $120 a month.

The Board also offers a 1-Year Florida University Plan which 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 child, sharing in the cost of going to college.

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. Every Prepaid Plan is guaranteed by the State of Florida, so you can never lose your investment, and a child has up to 10 years after high school graduation to use the plan.

Open Enrollment ends April 30.  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. The first Florida Prepaid College Plans were sold in 1988, and were augmented with the addition of the Florida 529 Savings Plan in 2002. Florida Prepaid is the largest, longest running and most successful prepaid plan in the nation with more than 2 million Florida Prepaid College Plans purchased and more than $14 billion in assets.  The 529 Savings Plan has more than 70,000 active accounts with a market value of more than $600 million.

To see how Florida Prepaid helps families, visit here.

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