Florida Prepaid to select one winner from all Plans purchased the first six weeks and pay that Plan off in full
Use Promo Code BREV1718 to save on plans purchased!
- Anyone who purchases a Prepaid Plan between Oct. 15 and Nov. 30, 2017 will be automatically entered to win the gift of college from FPCB, with the Winner’s Plan being paid off in full by FPCB
- Open Enrollment period for Prepaid Plans runs from October 15 to February 28, 2018
- Monthly Prepaid Plan prices remain near historic lows with newborn plan prices ranging from $47 to $187 per month, providing a variety of affordable options for families.
- More than 1 million families have purchased Florida Prepaid College Plans; more than 450,000 students have gone to college using Prepaid Plan benefits
TALLAHASSEE, Fla. – This year, it could truly pay to save for college early. In an unprecedented move that illustrates its commitment to making college affordability a priority and helping families avoid college debt, the Florida Prepaid College Board has launched the 2017-18 Open Enrollment period with a pledge to pay off one early purchaser’s Prepaid Plan.Anyone who purchases a Prepaid Plan now through November 30, 2017 will be automatically entered to win the gift of college from Florida Prepaid, with the Winner’s Plan being paid off through the 2017 Florida Prepaid “Pay Off Your Plan” Promotion.“For these families who believe in the value of saving early for college by starting their Florida Prepaid College Plan in the weeks ahead, we want to show our appreciation,” said Florida Prepaid College Board Chairman John D. Rood. “We are serious about helping families save for college and avoid debt, and look forward to paying off one lucky winner’s plan.”Student loans are now the No. 2 source of debt in America as reported by the Federal Reserve Bank of New York, behind only mortgages, and student loans make up 10 percent of all U.S. household debt. Student loan debt can be a burden to college graduates, potentially delaying home ownership and other financial milestones. You can help your child avoid being part of this growing statistic. The Board hopes the promotion will encourage families to start developing a plan for college savings, no matter how far off college might seem for their child. The earlier a family starts planning for college savings, the less they need to set aside each month. Also eligible to win will be pended Plan enrollments, which includes Plans started on March 1, 2017 to date, which become active on October 15, 2017. Never in the 30-year history of Florida Prepaid has such a promotion been offered. For more information, visit www.myfloridaprepaid.com.
- “Our Plans are diverse and flexible, giving families great options for college savings,” said Board Executive Director Kevin Thompson. “With our decision to pay off one family’s plan, there is truly no better time to invest in your child’s college education than now. Ask yourself, ‘What’s our plan?’ If you don’t yet have a plan for how to pay for college, now is the time to act.”
- The Board continues to see strong demand for its plans including the 1-Year Florida University Plan, which allows families to purchase up to four years at a state university in one-year increments as their budgets afford them. The plan also allows multiple purchasers to buy a plan for the same child which means family members can team up to help pay for a child’s higher education. Also popular are the college-based plans, with the 2-Year Florida College Plan starting at less than $60 a month for a newborn; this covers two years of education at one of Florida’s 28 state colleges.
- Prepaid Plan prices for the 2017-18 Open Enrollment period remain near historic lows. The 1-Year Florida University Plan for a newborn is still available for less than $47 per month, and the 4-Year University Plan is available for under $187 a month, following the Board’s approval of prices for the 2017-18 Open Enrollment period. This marks the fourth year in a row that the Florida Prepaid College Board has set prices for the most popular Florida Prepaid College Plans at nearly half what they were a few years ago – allowing more families in Florida to start saving for college early, in a way that fits their budgets.
- Families also have until Oct. 29 to enter to win two free years of college, through the Florida Prepaid Scholarship Program. The annual scholarship program runs between September 25 and October 29, 2017. Participants can register to win at floridaprepaidscholarshipprogram.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. The first Florida Prepaid College Plans were sold in 1988, and were augmented with the addition of the Florida 529 Savings Plan in 2002. 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 60,000 active accounts with a market value of more than $525 million. To see how Florida Prepaid helps families, visit here.