College Financial Aid

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Last Chance for College Savings at Today's Rates

This Year's Florida Prepaid College Plan Open Enrollment Period Ends January 31st

TALLAHASSEE, Fla., Jan. 11 /PRNewswire/ -- The essential gear for life is a college education.

All but one of the 50 top paying professions in the United States requires a college diploma. Someone with a college degree will earn on average $1 million more over a lifetime than someone without a degree.* College allows young people to stretch their brains and imagination and become the doctors, scientists, engineers, lawyers, teachers, business persons, philosophers and artists who will shape the future.

Families have enrolled more than 850,000 children in the Florida Prepaid College Plan since the plan was initiated 20 years ago. Now is a smart time for families to sign up children and grandchildren in the Florida Prepaid College Plan. The deadline to receive current Florida Prepaid College Plan prices is January 31, 2008.

The cost of a 4-Year University Tuition Plan for a newborn is about three dollars a day or $93.12 a month. Three dollars a day is what you would pay for a cup of fancy coffee or a movie rental, but instead you can give your child the gift of a college education that will last a lifetime. The price of a Florida Prepaid College Plan depends on the age or grade level of your child.

"The end of open enrollment is quickly approaching," said Chairman Ted Hoepner of the Florida Prepaid College Board. "Start off 2008 by taking steps to secure your child's future with the purchase of a Florida Prepaid College Plan. Families can start saving for college today and realize their dreams of higher education for their children."

Families may purchase tuition, local fee and dormitory housing plans, plus a new tuition differential fee plan, for use at Florida's 11 public universities and 28 community colleges. The plan's value is transferable to most accredited private and out-of-state colleges.

Florida Prepaid College Plan benefits are helping college students avoid debt at a time when two-thirds of all U.S. college students accumulate an average $19,202 in student loan debts along with their diplomas.**

Kathy and Richard Donk purchased a Florida Prepaid College Plan for daughter Kerrie when the plan began in 1988. Kerrie, 22, is now a junior majoring in neuropsychology at Florida State University.

"The plan allowed us to provide our daughter with a college education without creating the financial burden that would have been created without the plan," said Kathy Donk of Tallahassee, a first-grade teacher. "With all the uncertainties of college tuition and class fees, it is wise to plan and prepare for your child's future now. It is the best gift you can give your child to help them secure their future."

The Florida Prepaid College Plan is financially guaranteed by the State of Florida.*** Once a plan is purchased, payments do not increase. The Florida Prepaid College Plan is a tax-free 529 college savings plan.

Families may enroll in the Florida Prepaid College Plan online at www.florida529plans.com or request an Enrollment Kit and paper application by calling 1-800-552-GRAD (4723). Applications must be submitted or postmarked by January 31, 2008 to receive current 2007-08 plan prices.

* U.S. Department of Labor: Occupational Outlook Handbook, 2004-05; Bureau of Labor Statistics, January 2005.

** U.S. Department of Education, 2003-04.

*** Financially guaranteed by the State of Florida. Section 1009.98(7), Florida Statutes.

Source: Florida Prepaid College Plan

Web site: http://www.florida529plans.com/

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