Florida Prepaid College Plan Now Open For Enrollment

(Florida Prepaid Website)

If you’re looking for an affordable way to lock in college costs for your kids or grandkids, without ever having to worry about the ups and downs of the market, take a good look at the Florida Prepaid College Plan.

It’s open for new enrollment with prices guaranteed through April 30.

Plan sponsors advertise the Florida 529 Prepaid Plan as the “tax-free, risk-free and worry-free way to save for college.”

It’s a fact that all Prepaid Plans are guaranteed by the State of Florida, so you can never lose your investment.

Prepaid benefits can be used at in-state, out-of-state, public or private schools around the country and across the globe. Your child will qualify for in-state tuition rates even if you move out-of-state before college starts. Benefits are locked in regardless of what tuition prices or the market does.

New plans start for as little as $45 a month. You can check out the online Prepaid Plan pricing calculator to research different plans and pricing options, or click here to read more about all the benefits of a Prepaid Plan.

Financial Planning Tip:  The Florida Prepaid is a great way for Florida residents to start saving for college. If you have the means to save more, you can layer a 529 college savings plan on top of the Prepaid Plan for additional benefits. Visit the Florida Prepaid site to learn more about the differences between the Prepaid Plan and a College Savings Plan, or ask us which might be the best fit for you. One important distinction: while the Florida Prepaid is guaranteed by the State of Florida, the Florida College Savings Plan – and other similar 529 savings plans – are not, so talk to your financial advisor before you invest.

 

Mercer Global Advisors Inc. is registered with the Securities and Exchange Commission and delivers all investment-related services. Mercer Advisors Inc. is the parent company of Mercer Global Advisors Inc. and is not involved with investment services. Mercer Advisors is not affiliated with the Florida Prepaid College Plan. All expressions of opinion reflect the judgment of the author as of the date of publication and are subject to change. The information is believed to be accurate, but is not guaranteed or warranted by Mercer Advisors. You and your advisor must determine the suitability of a particular investment based on the characteristics and features of the investment and relevant information provided by you, including, but not limited to, your existing portfolio, investment objectives, risk profile, and liquidity needs. Investments mentioned in this document may not be suitable for all investors. For financial planning advice specific to your circumstances, talk to a qualified professional at Mercer Advisors.

About Mari Adam

Mari Adam, Certified Financial Planner™ has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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