The Florida Prepaid College Fund is a program offered by the state of Florida that allows families to prepay for future college expenses at Florida public colleges and universities. The program was established in 1987 as a way to help families save for college and make higher education more accessible and affordable for Florida residents.
There are several different plans available through the Florida Prepaid College Fund, including:
1. Prepaid Plans: These plans allow families to lock in the cost of tuition and other college expenses at current rates, so they can avoid future tuition increases. Prepaid plans are available for different levels of college education, from two-year colleges to four-year universities.
2. Investment Plans: These plans allow families to invest money into a tax-advantaged account that can be used to pay for future college expenses at any eligible college or university, not just in Florida.
3. Combined Plans: These plans combine the features of the prepaid and investment plans, so families can have the security of locking in tuition rates while also having the flexibility to use their funds at any eligible college or university.
The Florida Prepaid College Fund is a popular option for families who want to save for college and reduce their future college expenses. It can help families plan ahead and make higher education more affordable and accessible for their children. However, it's important to note that the program has specific eligibility requirements and restrictions, and families should carefully consider their options and consult with a financial advisor before making any decisions.
- Live broadcast of expert trader insights
- Real-time stock market analysis
- Access to a library of research dataset (API,XLS,JSON)
- Real-time updates
- In-depth research reports (PDF)