Amidst growing economic uncertainty, Florida’s trusted and proven university savings program offers families a safe and guaranteed option for the university, as new parents spend less than the cost to buy a diaper box each month.
Florida’s Prepaid College Board is committed to its founding mission to make college savings affordable for all Floridians. It offers prepaid tuition prices for $29/month.
The Florida 529 prepaid plan allows families to save colleges in a risk-free, stress-free way by locking up future college coverage at today’s historic low prices. The family chooses a prepaid plan and pays. The stock market is ups and downs, or how much tuition fees go up. Florida guarantees all prepaid plans, so families can’t lose their investment.
The open registration window for taking advantage of these prices will end on April 30, 2025. Florida prepaid says monthly costs will be lower if your one-year university plan starts at just $29 a month.
A one-year university plan covering 30 credit hours is the most affordable and can be “studied” over time to cover the year. The price reduction will save you up to $850 per year’s university plan plan, and save you up to $3,400 over four years.
“There’s no risk to the stock market, there’s no tuition hike to worry about. The college costs of children are locked in,” says Shannon C. Smith, a spokesman for Florida prepaid.
Other opportunities include flexible payment options with plans that can be shared or even stacked with the help of grandparents or Godparents.
Smith says the program will help families without crushing student debt.
Statistics show that University of Florida graduates carry over $38,000 on student loans. The latest data from the Georgetown University Education Center and the Workforce show that by 2030 70% of jobs will need some level of higher education. “Prepaid plans provide a way to save your child from that burden,” Smith says.
Florida’s Prepaid College Board has supported over 1.2 million families over the past 36 years, except for education. And whether your child goes to school in Florida or to one state, your investment is protected and guaranteed by the state of Florida.
When an individual goes to the site MyFloridaprepaid.com, they can use the online prepaid plan pricing tool to determine the cost of different plans based on the age of their children and explore the various payment options available.
