2023 Florida Prepaid Promo Code

Essentially, yes. Florida Prepaid Plans are specialized 529 plans that “lock in” your college payment investments at a fixed monthly payment to cover 100% of future college tuition. This unique “price lock in” takes the guesswork out of “am I saving enough for my child’s college education,” making college savings and investments as painless and stress-free as possible.

Anyone can purchase a Florida Prepaid Plan including family members and extended family. However, the child needs to be a Florida resident to receive the Florida Prepaid Plan benefits. Proof of residency will be required during enrollment.

Florida Prepaid Plans cover 100% of future college or university tuition and associated fees for your child. Florida Prepaid offers 5 different plans starting as low as $45/month to best fit your family’s budget. Once enrolled in a Florida Prepaid Plan, your fixed monthly payments are determined by the age of your child when you sign up. There is also a dormitory option, if you’d like to pay housing in advance.

NO! One of the best benefits of having a Florida Prepaid Plan is that you are able to “lock in” the price of future college tuition at the time that you enroll. With tuition prices rising, inflation and market unpredictability, locking in college prices now takes the guesswork out of whether parents are saving “enough” for your child’s college later. Your fixed monthly payments will never go up. Ever.

You can still use your plan! The plan will pay the same amount as it would pay at a public college or university in Florida. Students planning to attend an eligible private or out-of-state institution simply complete a Transfer Authorization request to have benefits paid.

Yes! Florida Prepaid Plans offer flexibility to transfer the value of the plan purchased to pay costs at any Eligible Educational Institution – including vocational schools and graduate programs.

Yes! If the original beneficiary does not use their Florida Prepaid Plan, you can request a refund or transfer the plan to a sibling, step-sibling or other qualified family member.

Yes! You may cancel your Florida Prepaid Plan at any time AND for any reason. You may request a refund equal to the payments that you have made, less any fees, usage and refunds.

It’s a win-win! Florida Prepaid has you covered either way. If projected college costs are MORE, Florida Prepaid will cover the difference. If costs end up being less, you get a refund!

No. A Prepaid Plan covers future tuition and other specified fees only. But, you can pair your Prepaid Plan with a Florida 529 Savings Plan to help pay for books, computers, other necessary technology costs, housing, and other Qualified Higher Education Expenses.

That depends on what type of plan that you have, when it was purchased, and which college or university your child is attending. There’s usually a specified dollar amount range per credit hour (including tuition fees) for the specified academic year. You can multiply this amount by the number of registered credit hours to determine the total amount to be paid by your plan.

For example, a 1-year University Plan covers for 30 University credit hours. If college tuition costs $119 per credit hour, and your child is enrolled for 15 hours a semester, your Prepaid Plan pays for $1,785 for the semester.

AWESOME! You can stack your Florida Prepaid Plan and your scholarship together to pay for even more college expenses! There’s no limit on the amount of scholarships your plan can be used in conjunction with. So your child can maximize the benefits with more college savings!

Not a problem! Any Prepaid Plan amount not used will come back to you as a refund.

YES! Since 1988, Florida Prepaid has been the longest running and most successful college savings program in the United States. Never once operating in a deficit, Florida Prepaid College Plans is one of the best-selling 529 plans in the country, with over 1.8 billion plans sold.

Florida Prepaid Plans are risk-free, guaranteed by the State of Florida. So you cannot ever lose any money on your investment. And if tuition ends up costing more than Florida Prepaid estimated, you don’t have to cover the gap – THEY DO.

Your earnings on your Florida Prepaid Plan are tax-free growth. Your fixed monthly payments will never increase, even with rising tuition costs, inflation or economic unpredictability. And you have safe options with 5 different plans to fit your family’s budget, no restrictions so you can use your plan in or out of state, flexibility to use your plan at a variety of different universities, colleges and vocational schools, along with the ability to transfer your plan, cancel, or get a refund.