TALLAHASSEE – October 17, 2011 – The Florida Prepaid College Board begins its 2011-2012 annual enrollment period on Monday, Oct. 17, which means parents can purchase a Prepaid College Plan to prepay higher education costs at this yearʼs plan prices until the January 31, 2012 deadline.
This open enrollment season, plans will include tuition and most mandatory fees, as well as Florida Prepaidʼs newest plan, the 4-Year Florida College Plan, which was launched in 2010 in response to the evolving Florida College landscape. Florida Prepaid College Plans continue to help families save smartly for future college expenses. “With recent reports from Moody Analytics showing the cost of higher education rising at a higher rate than healthcare in our country, we recognize it is critical for families to start saving for the future today,” said Chairman Duane Ottenstroer of the Florida Prepaid College Board.
“The consumer-friendly savings options and comprehensive prepaid plans give Florida families an opportunity to safely secure funding for their childʼs college education. The objective of each of the prepaid plans is to allow families on any budget to begin planning for their child or grandchildʼs future with peace of mind.”
The Florida Prepaid College Boardʼs plan options include:
• 2-Year Florida College Plan (formerly Community College Plan): prepays 60 lower division semester hours of tuition, registration fees and local fees at a Florida College (formerly known as a community college).
• 4-Year Florida College Plan: prepays the tuition, registration fees and local fees for 60 lower division as well as 60 upper division semester hours at a Florida College (formerly known as a community college).
• 2 + 2 Florida Plan: prepays 60 lower division semester hours of tuition, registration fees and local fees at a Florida College (formerly known as a community college) and 60 undergraduate semester hours of tuition, registration fees, tuition differential fee and local fees at a Florida state university.
• 4-Year Florida University Plan: prepays tuition, registration fees, the tuition differential fee and local fees for 120 semester hours at any of the 11 state universities in Florida.
Since 1988, families have purchased more than 1.4 million Florida Prepaid College Plans, making it the largest and most successful prepaid plan in the nation. Nearly one in 10 Florida children has a Florida Prepaid College Plan.
When your child is ready for college, this yearʼs Florida Prepaid College Plan will cover the cost of tuition and most required fees at Floridaʼs 11 state universities and 28 Florida Colleges (formerly community colleges) and can also include dormitory housing. If the student decides to attend an out-of-state college, technical school or a private college in Florida, the value of the plan may be transferred to any eligible educational institution. To qualify for a plan, the child or childʼs parent/guardian must be a Florida resident. Parents, grandparents, friends and even businesses can purchase a plan.
For more information on plan options or to sign up online for the Florida Prepaid College Plan, families can visit 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.
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