The largest and longest running prepaid tuition program in the country, the Stanley G. Tate Florida Prepaid College Program has helped over one million Florida families save for college and lock in the future cost of attending Florida's public institutions. The value of the plan can be used at any qualified institution nationwide.
- Program typePrepaid Plan contract
- Enrollment periodPrepaid Plan Open Enrollment is from February 1 -- April 30. With a 529 Prepaid Plan for every budget, you can lock in the future cost of tuition and most fees for less. Plans can be used in-state or out, work great with scholarships and financial aid, and you can cancel anytime for a full refund.
Open Enrollment: February 1st through April 30th. - Inception1987
- State agencyFlorida Prepaid College Board
- Tax deduction
- Program ManagerFlorida Prepaid College Board
Ratings & Rankings
Our overall rating for FL residents
This is an excellent program with many benefits for the participant and positive investment attributes. If it has any significant weaknesses then it also has some particularly good things to recommend it.
Our overall rating for non-residents
This program is not open to you either because it has residency requirements or because it has stopped accepting new enrollments.
SAVING FOR COLLEGE’S 5-Cap Ratings provides an evaluation and comparison of 529 plans, utilizing a formula that examines dozens of factors grouped into the following categories.
Eligibility
State residency requirements:
Who can be a participant/owner in the program?
Significant time or age restrictions imposed by the program:
Contributions
Minimum contributions:
Contractual Features
Contract prices:
Available tuition packages:
Benefits for beneficiary attending private or out-of-state institution:
Contract payment options:
Are program benefits backed by the full faith and credit of the state?
Are program benefits collateralized or guaranteed in any other way?
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Fees & Expenses
Enrollment or application fee:
Taxes and other Benefits
- Tax deduction for single filersNone
- Tax deduction for joint filersNone
Note
Florida doesn't offer tax deductions
Program match on contributions:
State tax deduction or credit for contributions:
State definition of qualified expenses
State tax treatment of qualified distributions:
State tax treatment of rollovers:
Does the sponsoring state exclude the value of an account for state financial aid purposes?
Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?
Is there a rewards program or outside scholarship program that works with this program?
Upromise Helps Families Save for College
Statutory protection of an account from creditors:
Distributions & Terminations
To whom are distributions made payable:
Account Changes
Policy regarding participant/owner changes:
Contact
Website:
Telephone:
@FloridaPrepaid