Page 27 - PGA Community News - March '24

March 2024 March 2024 PGA C.A.N.!, Page 27
Florida Prepaid College Plan Monthly Prices

Reduced Up To 25 Percent This Open Enrollment

• Prepaid plan monthly prices reduced up to 25 percent. While Florida families continue to face inflation across “Every day we strive to support Florida families by making
• This is the lowest prepaid plan prices in 10 years, starting many areas of everyday life, the lower plan prices will allow college savings simple and affordable,” said Board Chairman
at $34/month for a newborn. even more Florida families to prepare for the cost of higher John D. Rood. “This price reduction reflects our commitment
• More than 280,000 current customers will have prepaid education for their children. The popular four-year university to that goal. We thank Gov. Ron DeSantis and the Florida
plan prices lowered by $1.3 billion. plan now starts at less than $135/month, and the two-year Legislature for their continued efforts to make a college
• Florida Prepaid celebrates 35 years of helping Florida college plan is just $39/month. education attainable for Florida students during these past few
families save for college. In addition, current customers with plans purchased since years of economic uncertainty and heightened inflation.”
This year marks the 35th anniversary of the Florida Prepaid 2008 that have not yet started utilizing benefits, will also have Gov. DeSantis applauded the price reduction, which
College Board, and today the Board announced it is lowering a lower plan price. More than 280,000 existing customers will is aligned with his administration’s goal of making sure a
prepaid plan monthly prices by up to 25 percent for this year’s have plan prices lowered by more than $1.3 billion. Nearly half postsecondary education is affordable for Florida families.
open enrollment period, now through April 30. of these customers now have their plan paid in full and will Prepaid plans provide a simple, affordable way to save for
Prepaid plan prices are now the lowest in 10 years, starting receive refunds totaling more than $350 million. The average college tuition and fees and/or dormitory housing and allow
at just $34/month for a one-year university plan for a newborn. refund per customer is $2,600. families to lock in their plan price and make fixed monthly
The price reductions are primarily due to successive years of Any customers who have already submitted their prepaid payments.
lower than anticipated tuition and fee increases for Florida plan application between May 1, 2023 and Jan. 31, will receive Families can use the prepaid plan online pricing tool to
colleges and state universities. notice of their new prepaid plan price in February. determine what the various plans cost based on a child’s age,
as well as explore the different payment options available.
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 a plan.
“Florida families have been squeezed by housing and food
costs over the past few years, and we are glad to be able to
ease their budget concerns by providing even more affordable
plan prices. Florida Prepaid is the largest and longest-running
prepaid program in the nation, and we hope that with the
reduced prices even more Florida families can start saving
for their children’s future,” said Executive Director Kevin
Thompson. “For 35 years, we have stayed true to the mission
of our founder, Stanley G. Tate, to provide Florida families
with an affordable means to save for their children’s higher
education.”
Eligible account owners will receive a notification from the
Board regarding their refund and/or payment reduction. For
more information about how your plan will be affected, go to
myfloridaprepaid.com/lowprices.
To get started saving for college today, visit myfloridaprepaid.
com. Open enrollment ends April 30.

Reminder From

Palm Beach Gardens

Police Department

Adopt These Habits To

Prevent Vehicle Burglaries

• Please lock your vehicle doors every
time – even for a quick stop or at home.
• Never leave items of any kind inside
your vehicle. Hiding items doesn’t work!
• At a minimum, if you must leave
items, place them in your trunk.
• Cell phone/iPod power cords, GPS
holders and other key sets act as neon
signs.
• Park in well-lit areas, stay alert
and call in any suspicious activities to
the police department nonemergency
number: 799-4445.

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