TALLAHASSEE, Fla. - October 2009 - There aren't many things in life that are guaranteed. But beginning October 19, parents can purchase a Florida Prepaid College Plan that is financially guaranteed by the state of Florida.1 With this safe and secure way to save for children's higher education, families don't have to worry about tuition increases or the credit crunch, and they cannot lose their money when they purchase a Florida Prepaid College Plan.
The Florida Prepaid College Board begins its 2009-2010 annual enrollment period on Monday, October 19. The new Florida Prepaid College Plan prices, posted at www.myfloridaprepaid.com, are available from October 19 until the sign-up deadline of January 31, 2010. With college tuition representing just 16 percent of the total cost for attending a public university in Florida, four flexible plans are available through Florida Prepaid College Plan comprising of tuition, tuition differential fee, local fees and dormitory housing to help cover the cost of a college education.
"In current times of economic uncertainty and rising prices, the peace of mind for a family with a Florida Prepaid College Plan is more valuable than ever. You don't have to worry about the economy when it comes to college savings. Your Florida Prepaid College Plan is financially guaranteed by the State of Florida. And once your family has purchased a Prepaid College Plan, your payments are fixed and never increase," said Chairman Duane Ottenstroer of the Florida Prepaid College Board.
One out of 10 Florida children from newborns to high school students has a Florida Prepaid College Plan. The Florida Prepaid College Plans allow families to prepay tuition, tuition differential fee, local fees and dormitory housing at today's plan prices.
When a child is ready for college, the Florida Prepaid College Plan covers the actual cost at any Florida public university or community college. If the student decides to attend a private college, out-of-state college or technical school, the value of the plan may be transferred to any eligible institution. To qualify for a plan, the child or child's parent/guardian must be a Florida resident. Parents, grandparents, friends and even businesses can purchase a plan.
Families can sign up online for a Florida Prepaid College Plan at www.myfloridaprepaid.com or call 1-800-552-GRAD (4723) to request an Enrollment Kit in English or Spanish and speak with a customer service representative.