Lump-sum newborn prices remain the same as last year, new educational website

Florida Prepaid College Board
Florida Prepaid College Board
Published: Tuesday, November 5, 2013 at 13:04 PM.

TALLAHASSEE — Friday, Nov. 1, the Florida Prepaid College Board kicked off its annual Open Enrollment period. Through Feb. 28, 2014, parents can purchase a Florida Prepaid College Plan to prepay higher education costs at the current plan prices. Committed to educating families on the importance of saving for education, the Board has also launched a new website to help Florida families better understand college savings and plan options.  In addition, lump-sum prices are the same for Florida families - in other words, if a parent of a second grader missed out on pricing last year, they can enroll their now third grader for the same lump-sum price this year.

“For more than 25 years, the Board has been helping families save for college. We are excited to share the new features of our website and even more excited that we have been able to hold lump-sum plan prices consistent with last year,” said Florida Prepaid College Board Chairman Duane Ottenstroer. “It is important that families begin planning ahead and we have a plan to fit any budget. It’s never too early or too late to start saving.”

Families can select one of four Prepaid Plans, which will cover tuition and most mandatory fees at Florida’s 12 state universities and 28 colleges. While designed for use at a Florida College or State University, the flexibility of a Florida Prepaid Plan allows the amount covered by the plan to be applied to schools nationwide as well a technical school or a private educational institution. If the beneficiary decides not to attend college, the plan may be transferred to another member of the family. Or, families can receive full refunds at any time. Prepaid Plan options include:

·  2-Year Florida College Plan: Covers tuition and most fess for 60 credit hours at a Florida College.

·  4-Year Florida College Plan: Covers tuition and most fess for 60 credit hours at a Florida College.

·  2 + 2 Florida Plan: Covers tuition and most fees for 60 credit hours at a Florida College and for 60 credit hours at a State University.

·  4-Year Florida University Plan: Covers tuition and most fees for 120 credit hours at a State University.



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