Let’s cut to the chase, you came here for Florida Prepaid answers and I’m here to give them to you. Sure you could Google your heart away but I’m glad you found this page so you can absorb everything you need in one place.
This post is sponsored by Florida Prepaid College Plans. All opinions are my own.
How To Save on College with Florida Prepaid
I’ve been in your shoes before – not knowing what the future will hold, scared to invest thousands of dollars into the unknown is never easy but you also want to be sure your kiddos are set and perhaps even have a better future than you had. Maybe you want them to be the first one in your family to attend college but that seems like a dream that won’t ever come true. Florida Prepaid can make all their dreams (and yours) come true especially with this exclusive $30 savings promo code.
Is There Only One Florida Prepaid Plan Option?
Nope! That’s the best part – you find a plan that fits your family budget. With FIVE different plan options, you’re bound to find the plan that works for you. We have personally purchased the 2-year Florida College Plan for our three children.
Other plan options include:
- 4-Year Florida University Plan – covers 120 credit hours at any of the Florida 12 State Universities.
- 1-Year Florida University Plan – covers 30 credit hours at any of the Florida 12 State Universities. Family members can add one year at a time, up to 4 years!
- 2 + 2 Florida Plan – covers 60 credit hours at a Florida College & 60 at a Florida State University.
- 4-Year Florida College Plan – covers 120 credit hours at any Florida State College.
- 2-Year Florida College Plan – covers your child’s AA degree (60 hours) + guarantees admission to a Florida State College.
WHO CAN GET A FLORIDA PREPAID COLLEGE PLAN?
Contrary to popular belief, you do not need to be a Florida resident to be a plan holder! How do you sign up? You need:
- to be at least 18-years-old
- U.S citizen/legal U.S. resident with valid Social Security number
- the child (aka the beneficiary) is a Florida resident
CAN i LOSE THE MONEY I’VE INVESTED in Florida Prepaid?
Simple answer – no! All Florida Prepaid accounts are guaranteed by the State of Florida and managed by Florida Prepaid. Sleep peacefully know that your child’s college education cost is LOCKED IN at a low rate from the time that you sign up. You will never pay more than the terms you agreed upon, you will never lose your investment – even with the rise of college costs!
WE PLAN TO MOVE, MY CHILD CHANGES THEIR MIND ON COLLEGE, OR MY CHILD RECEIVED A SCHOLORSHIP. WHAT NOW?
Again, simple answers but first breathe, it’s all okay. If you move, your plan will stay active. You child can come back to school in Florida to receive the same in-state low cost or if they decide to then attend college in the state you then reside that’s okay too. The prepaid plan value will be applied to the tuition costs of the school of their choice. And if you’re child receives a scholarship that’s great too. The plan can still be used in conjunction with their scholarship to cover other college costs. That includes housing, school supplies, or grad school costs. Or, guess what, you can also get a refund for the amount you paid or transfer the plan to another Florida resident family member.
DOES THE PLAN HAVE TO BE USED WITHIN A CERTAIN TIME FRAME?
Yes, it does. It’s 10 years the child’s projected graduation date. But if life happens that’s okay and Florida Prepaid understands that. Florida Prepaid is so flexible that as long as you can show that a class is being taken, they will keep your account open. I have a friend that is still using her Florida Prepaid account 14 years later, taking a class or two at a time when her life allows.
$30 SAVINGS? TELL ME MORE
YES! Saving $30 on your application fee is easy to do with my exclusive Florida Prepaid Open Enrollment Promo Code DUTY19 at checkout to receive $30 off EACH AND EVERY application (child). When you open an account to enroll a child you will have the option to enroll additional children. Once you’re done, you will see the Promo Code box at checkout. There you will enter DUTY19 and it will automatically take $30 off each application (usually $50!)
Why all the Legoland Photos?
Glad you asked (or rather, glad I asked for you)! LEGOLAND Florida and Florida Prepaid have partnered together to give you an additional perk when you open a new account. Any family who enrolls in a prepaid plan during this Open Enrollment season will receive a 50% discount on LEGOLAND® Florida tickets for their family! (3 tickets only, including
Let me close out with this fact, student loan debt in Florida for millennial parents is at an
The 1-year University Plan covers tuition and most fees while giving your student 30 credit hours. This plan gives your child the ability to attend college and gets them off on the right foot. But even then, you can continue to add on one year at a time (up to 4 years) as your budget may allow in the future.
You can never lose what you pay into a Florida Prepaid plan and you will lock in this year’s monthly rate! Have grandparents who have run out of things to get the kids? Talk to them about opening a Prepaid plan instead.