If you are the parent or caregiver for a young child in Florida, chances are you’ve heard of the Florida Prepaid College Plan. You may have seen posts about it on social media or heard about it from friends and family and may have thought - I’m not ready to think about college yet!

Planning is always a good idea, and if you want to start preparing for your child’s future education, there is no better time than during Florida Prepaid’s open enrollment season. Open enrollment lasts from February 1^st to April 30^th- for 2024, plans start at $34 a month, and there is no application fee. New pricing is announced at the start of each annual open enrollment period.

Interested in learning more? Check out some quick facts below!

What Does the Plan Cover?

A Florida Prepaid College Plan allows families to lock in college prices and prepay on a monthly or lump-sum basis. This covers the future cost of college tuition, tuition differential fees, local fees, and an optional fee for dormitory housing. Plans may be used during any academic semester, including summer terms, beginning in the summer of the student’s projected college enrollment year (generally, the year they are expected to graduate high school). If your child graduates from high school early, plans can be modified for early usage.

What Schools is the Plan Eligible For?

When your child is ready for college, the costs will be covered under your plan type at any Florida College or State University, even if the cost of college is higher than anticipated when your original plan prices were set.

What if My Child Attends School Out-of-State or Receives a Scholarship?

While Florida Prepaid Plans are designed to be used at a Florida College or State University, the plans can also be applied at other schools nationwide. If your student wishes to attend an out-of-state college or private college, the plan will pay the same amount as it would pay at a public college or university in Florida.

If your child receives a scholarship, you can use that together with the prepaid plan to cover even more college expenses; or, you can get a refund for the same amount as the plan would pay at a public college or university in Florida. Every Prepaid Plan is guaranteed by the State of Florida to pay the tuition and fees covered by your plan, so you never have to worry about losing what you paid.

Enrolling is easy- visit https://www.myfloridaprepaid.com/ to complete an application! Your student has 10 years from their projected college enrollment date to use the plan. For example, I purchased a plan for my own child when he was a newborn. That means the costs covered by Florida Prepaid are locked in until he is 28 (18 years until he can start college, plus 10 years after that to finish college).



More information and an extensive FAQ section can be found over at https://www.myfloridaprepaid.com. Family resources, upcoming events, and trainings can also be found on our website.