Florida Prepaid College Board Launches 2016-17 Open Enrollment Period With Prepaid Plans Starting at $47 a Month

TALLAHASSEE, Fla.–(BUSINESS WIRE)–#FloridaPrepaid–Florida families can now take advantage of prepaid tuition plans that
remain near historic lows for the third year running, following the
recent kickoff of the 2016-17 Open Enrollment period. Open Enrollment is
the only time each year that families can purchase one of the Florida
Prepaid College Board’s five prepaid tuition plans and prepaid dormitory
plans.

“Prepaid Plan prices for this Open Enrollment period remain near the
historic lows we have seen for the past three years,” said Board
Chairman John Rood. “We encourage families to start saving now, by
selecting the plan that best fits their college savings goals.”

This year, families can purchase a 4-Year Florida University Plan for a
newborn for as low as $187 a month, a 2 + 2 Florida Plan for under $148
a month or a 4-Year Florida College Plan for less than $117 a month. The
1-Year Florida University Plan for a newborn 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 beneficiary,
effectively sharing in the cost of a university degree.

If a child attends an out-of-state college or private college, Prepaid
Plans will pay the same amount as they would pay at a public college or
university in Florida. Also, if a child receives a scholarship, Plan
purchasers can get a refund for the same amount as the plan would pay a
public college or university in Florida. Every Prepaid Plan is
guaranteed by the State of Florida.

The Florida 2-Year Florida College Plans is being offered at just $54 a
month for a newborn. More than half of junior and senior students at
state universities transfer from the Florida College System.

“Our 2- and 4-Year Florida College Plans allow families to save for
college in a more affordable manner, which is part of our commitment to
making saving simple and accessible,” said Board Executive Director
Kevin Thompson. “However families save, we hope they will use this Open
Enrollment period to learn more and start saving for college.”

Prepaid Plans are available for purchase during Open Enrollment, which
runs October 15, 2016 – February 28, 2017. 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. Florida Prepaid
is the largest, longest running and most successful prepaid plan in the
nation with more than 1.6 million Florida Prepaid College Plans
purchased and more than $6.7 billion invested in Prepaid Plans by
Florida families. The 529 Savings Plan has more than 50,000 active
accounts with a market value of approximately $449 million. To see how
Florida Prepaid helps families, visit here

Contacts

Florida Prepaid College Board
Shannon Colavecchio, 850-224-0174