As your family settles into the first semester of this school year – juggling new routines, afterschool schedules and homework assignments – our partner, the Florida Prepaid College Board, is offering you a $50 incentive to save early for one of your child’s most important academic expenses – college and other postsecondary education.

Florida Prepaid will contribute $50 into new 529 Savings Plan accounts opened between September 5, 2023 and October 29, 2023. A Florida 529 Savings Plan is an investment account that provides a flexible and tax-free way to save for college expenses including tuition, fees, room, board, books, and supplies. A Florida 529 Savings Plan is an increasingly popular college savings vehicle because it offers so many options for how much families can save – and where they use their savings:

• Control. You can save what you want, when you want, and set up automatic payments for as little as $25/month.
• Simplicity. Open your account for free, choose your investment options, and start saving immediately.
• Flexibility. Use for college and qualified K-12 education expenses with tax-free growth.

With a Florida 529 Savings Plan, watch your money grow into a robust college savings fund for your child’s future. Take advantage of this new school year to get a head start on their future college savings.