Your Ultimate Guide to The Florida Prepaid Plan

College Funding of Tampa Bay

What Is the Florida Prepaid Plan?

The Florida Prepaid Plan is a risk-free financial investment program approved by the state as a safe means of funding your college and university tuition. A personalized plan of monthly payments is set to fit your exact budget so virtually any student is capable of earning a higher education. The advisors at College Funding of Tampa Bay are here to show you the wonderful benefits of the Florida Prepaid Plan and how you can get started on a brighter future.

How It Works

Pricing

First of all, enrolling in the Florida Prepaid Plan is entirely free! You’ll only need to cover the monthly payments which start at $45 a month, but of course, that depends on your personal budget. Once you sit down with one of their financial experts, they’ll be able to calculate your exact plan by factoring in in-state tuition costs, inflation forecast, and past data to determine the needed funds by the time of college attendance.

FAQ

Will the price of my monthly payment fluctuate at any point?

No, your financial plan is locked in at the time of enrollment so there will be no surprise charges.

What if the actual cost of tuition is lower than the predicted cost?

If the cost of tuition is lower, then we will refund you the difference.

What if the actual cost of tuition is higher than the predicted cost?

If the cost of tuition is higher, then we will cover the extra cost for you.

Flexibility

The affordability of a plan designed around your budget is already such a great benefit, but the added flexibility is what makes this program even more amazing:

  • Bring your funds to any college or university regardless of which state the institution resides in.
  • Your plan follows you wherever you go even if you end up moving out of state.
  • Scholarships and other financial aid can work in tandem with the Prepaid Plan.
  • Opt-out at any time for a full refund at no extra cost or transfer your funds over to a family member.

Additional Benefits

Aside from the main plan, Florida Prepaid offers other programs to help you cover all your college needs!

Cash4College

Signing up for the Cash4College incentive program can get you up to $500 cashback when making payments toward your funding plan.

Florida Savings Plan

You can opt-in for the Florida Savings Plan alongside the main Prepaid Plan to help cover additional expenses such as books, meals, and even dorm rooms.

What You Need to Enroll

Getting in on the Florida Prepaid Plan is incredibly easy and enrollment is free! As long as you start the plan within ten years after high school graduation all you need to apply is a home address, date of birth, and social security number.

Have More Questions?

If you need help beginning the process to benefit from the Florida Prepaid Plan, give your friendly advisors at College Funding of Tampa Bay a call at 813-850-0241 and we’ll be happy to offer you assistance!