General Information

Florida Prepaid College Plan logo

Florida Prepaid College Plan

The largest and one of the oldest prepaid tuition plans in the country, Florida Prepaid College Plan is helping over one million Florida families save and lock in the future cost of attending Florida's public institutions.

Our Ratingx

Fee Scorex

4 of 5

Performancex

N/A

  • Program typePrepaid contract
  • Enrollment periodFebruary 1, 2019 through April 30, 2019.
  • Inception1987
  • State agency
    Florida Prepaid College Board
  • Tax deduction

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.

Savingforcollege.com'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.

Financial Benefits

4.00

Features

4.50

Safety

4.00

Reliability

4.00

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?

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 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?

Does the program have a formal agreement with a rewards program or outside scholarship 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: