Florida Prepaid College Plan announces chance to win paid off tuition

Posted at 11:12 AM, Oct 16, 2017
and last updated 2017-10-16 07:59:55-04

TALLAHASSEE, Fla. (WTXL) - The Florida Prepaid College Board has launched the 2017-18 open enrollment period.

They say that early purchasers will have a chance to have their tuition plan fully paid off by the agency.

People who purchase a PrePaid Plan between Oct. 15 and Nov. 30, 2017, will be automatically entered in the "Pay Off Your Plan" promotion to win the gift of college from FPCB.

"For these families who believe in the value of saving early for college by starting their Florida Prepaid College Plan in the weeks ahead, we want to show our appreciation,” said Florida Prepaid College Board Chairman John D. Rood. “We are serious about helping families save for college and avoid debt, and look forward to paying off one lucky winner’s plan."

The Board hopes the promotion will encourage families to start developing a plan for college savings, no matter how far off college might seem for their child. The earlier a family starts planning for college savings, the less they need to set aside each month.

Also eligible to win will be pended Plan enrollments, which includes Plans started on March 1, 2017, to date, which become active on Oct. 15, 2017.

Prepaid Plan prices for the 2017-18 Open Enrollment period remain near historic lows, according to an agency news release.

The 1-Year Florida University Plan for a newborn is available for less than $47 per month, and the 4-Year University Plan is available for under $187 a month, following the Board’s approval of prices for the 2017-18 Open Enrollment period.

This marks the fourth year in a row that the Florida Prepaid College Board has set prices for the most popular Florida Prepaid College Plans at nearly half what they were a few years ago. Doing so allows more families in Florida to start saving for college early, in a way that fits their budgets.

The Board continues to see strong demand for its plans, including the 1-Year Florida University Plan. That plan allows families to purchase up to four years at a state university in one-year increments as their budgets afford them.

The plan also allows multiple purchasers to buy a plan for the same child, which means family members can team up to help pay for a child’s higher education.

Also popular are the college-based plans, with the 2-Year Florida College Plan starting at less than $60 a month for a newborn; this covers two years of education at one of Florida’s 28 state colleges.

Families also have until Oct. 29 to enter to win two free years of college, through the Florida Prepaid Scholarship Program. The annual scholarship program runs between September 25 and October 29, 2017. Participants can register to win here.

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