Florida families with newborns can now begin saving for college with a special incentive from Florida Prepaid. For just $29 per month, parents can start a 1-Year University Plan as part of the 2025 Open Enrollment period.
The reduced prices offer savings of up to $850 per plan for a 1-Year University Plan, with up to $3,400 in savings over four years. This initiative aims to make college savings more accessible with affordable, fixed monthly payments.
John D. Rood, Board Chairman, stressed the importance of starting early to reduce future financial stress. “When you are navigating those first months as a parent, college might seem far off, but it’s the best time to start saving,” he said.
The 1-Year University Plan covers 30 credit hours and can be expanded over time to cover more years. Plans are flexible, with families able to choose the savings duration that best fits their budget.
The plan also covers out-of-state or private college costs at the same rate as Florida public colleges. It’s protected by the state and can be used up to 10 years after high school graduation.
Kevin Thompson, Executive Director of Florida Prepaid, emphasized that saving early can have a lasting impact. “It’s a small step now, but it has a lifelong effect and brings many opportunities.”
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