Florida Prepaid College Plan:
Anyone who is at least 18 years old may purchase a plan. The beneficiary (student) or beneficiary's parent/guardian must have resided in Florida for the past 12 consecutive months prior to purchase. The beneficiary must be a child in the 11th grade or younger. The account owner, any survivor and the beneficiary must be U.S. citizens or resident aliens. The beneficiary must be born, before a plan can be purchased in his/her name. Businesses may purchase plans too.
Florida College Investment Plan:
Anyone who is at least 18 years old may open an account. Florida residency is not required of the account owner, any survivor or the beneficiary (student), but all three must be U.S. citizens or resident aliens. You may open an account for a child or adult, including yourself. The beneficiary must be born, before a plan can be purchased in his/her name.