Florida College Investment Plan

By saving with the Florida College Investment Plan*, you can help ensure your child gets a chance to go to college. With its tax benefits, range of investment options and flexibility, the Florida College Investment Plan is a smart way to save for college.

You may enroll in the Florida College Investment Plan at any time. After your initial contribution, you decide how much and how often to contribute additional savings, which allows you to save at a pace that fits your family’s budget. And if you already own a Florida Prepaid College Plan, adding an Investment Plan is the best way to cover the total cost of going to college.

The Florida College Investment Plan allows you to:

• Open an account with an automatic withdrawal of just $25 per month or an initial contribution of $250. You can add to it any time you want.
• Open an account for anyone, even an adult returning to college for graduate school or professional certification. There are no income, age or residency requirements.
• Use your college savings at most accredited U.S. colleges and universities
• Withdraw the money at any time for qualified higher education expenses
• Avoid the commissions or sales fees of other 529 plans
• Pay a low annual administration fee of ¾ of 1% (0.0075 or 75 basis points) of your account balance.