Tallahassee, Fla. – As excited new mothers take their newborn home, they’ll also be receiving precious information about how they can lock in today’s college pricing rates for use by their newborn, 18 years later.
Through a special alliance with the Florida Prepaid College Board, all new mothers will receive information about Florida’s two college savings plans – the Florida Prepaid College Plan and the Florida College Investment Plan – as part of the hospital’s “new mom gift bag.”
“First, we want to congratulate all of the new mothers and their families,” states Tom Wallace, executive director of the Florida Prepaid College Board. “Second, we want to thank the hospital for partnering with us on this program. With college prices rising each year, it is never too early to start saving. This program will give them the tools they need to make an informed decision.”
With the Florida Prepaid College Plan, families can lock in the prices for college tuition, local fees and dormitory housing for a child at today’s prices. Once signed up, payments never increase. When the child is ready for college, the plan covers the actual cost at any Florida public college, or the value of the plan can be transferred to most private colleges in Florida, select technical schools and most out-of-state colleges.
The Florida Prepaid College Plan is financially guaranteed by the State of Florida, so it is a safe way to save. To qualify, the child or the child’s parent/guardian must be a Florida resident. Anyone, including parents, grandparents, friends or even businesses, can purchase a plan.
Enrollment for the Florida Prepaid College Plan runs through January 31, 2006. The Florida Prepaid College Plan is the largest program of its kind in the country with more than one million plans sold. For enrollment information, visit www.florida529plans.com or call 1-800-552-GRAD (4723).