TALLAHASSEE, FL (WTXL) - The annual open enrollment period for Florida's Prepaid College Tuition begins this Saturday.
Officials said that prices are up slightly from last year, by an average of 2 percent. A traditional four year university plan will now cost $187 per month, up four dollars from the previous year.
There are several prepaid tuition options available to fit the budgets of most families. They include two and four year plans to cover state colleges, or hybrid plans for two years at a state college and two more at a university.
A Florida prepaid spokesperson said that investing in a child's education is one of the best gifts a parent of grandparent can ever give their child.
"Student loan debt is second to mortgages. When you think about what that does to a person, when I am graduating from college and I have all of this loan debt, it keeps me from buying a car. It keeps me from buying a house. t might keep me from starting a family," said Shannon Colavecchio, a Florida prepaid spokesperson.
The least expensive prepaid tuition plan covers one year at a university and costs $47 per month. Any child in Florida from newborn through 11th grade may take part in the program.
Open enrollment will run through February 28th.
