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Families with newborns can start saving for college for just $29/month with a 1-Year University Plan, the Florida Prepaid College Board announced, as it opens the 2025 Open Enrollment window.
This year families with babies are eligible for a special incentive that lowers newborn plan prices and is part of Florida Prepaid’s mission to help families save for college stress-free by starting early with affordable, fixed monthly payments. The reduced prices result in savings of up to $850 per plan for a 1-Year University Plan – up to $3,400 in savings for four years.
“When you are navigating those first months as a parent, college might seem far off. But we want families to start saving early because we know this is the most affordable time to do so, and it really reduces financial stress long-term,” said Board Chairman John D. Rood. “This year’s pricing for newborns reflects our commitment to bringing college within reach for as many Florida families as possible.”
Families can view this year’s special low prices in the Prepaid Plan online pricing calculator to determine what the various plans cost based on a child’s age. Monthly Prepaid Plan prices are the lowest when the child is the youngest, allowing families to spread out the cost of college over time in fixed payments that families can incorporate into their monthly budget.
The 1-Year University Plan covering 30 credit hours is the most affordable, and can be “stacked” over time to cover additional years. It’s a simple way to create a solid foundation for your child’s future. You can save for just one or two years, or all four years, as best fits your savings goals and budget.
If a child attends an out-of-state college or private college, a Prepaid Plan will pay the same amount as it would pay at a public college or university in Florida. Every Prepaid Plan is protected by the State of Florida, and a child has up to 10 years after high school graduation to use the plan. Plus, if the family moves out of state, the child can return to a Florida public college or university and their Prepaid Plan qualifies them as an in-state student.
According to the Georgetown University Center on Education and the Workforce, almost three-fourths of jobs by 2031 will require postsecondary education – be it a traditional four-year degree or a trade certification and training.
“There has never been a better time for families to start saving early for a child’s future,” said Kevin Thompson, Executive Director of Florida Prepaid. “What a gift to be able to secure your child’s future for just $29 a month. It is a small step, but it has a lifelong impact and brings so much opportunity.”
To learn more, families can visit myfloridaprepaid.com today.
Open Enrollment ends April 30, 2025.
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