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College tuition in Florida is expected
to more than triple by the time todays newborn goes to
college. So the earlier you start saving for college, the better.
The Florida Prepaid College Plan
allows families to prepay the cost of college tuition, local
fees, the tuition differential fee and dormitory housing at todays plan prices.
With the Florida Prepaid College Plan, you don't have to worry
about the stock market or if you will have enough money saved. What
you pay now is financially guaranteed§ by the State of
Florida.
There are:
It's Flexible. You can use the plan at any of Florida's 11 state universities or 28 community colleges, most private colleges in Florida, select technical schools and most out-of-state colleges.
Tax Benefits.* Earnings on
qualified withdrawals are exempt from federal income tax
and from State of Florida taxes. There are gift
tax benefits, too.
It's Guaranteed§. The Florida Prepaid College
Plan is financially
guaranteed§ by the State of Florida. So it's
safe. You cannot lose your money, and you can get a refund
anytime, for any reason.
§ The
State of Floridas Stanley G. Tate Florida Prepaid College
Program is financially guaranteed by the State of Florida.
Section 1009.98(7), Florida Statutes
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