We have been helping families to affordably save for college since 1988, longer than any other prepaid program in the nation.
More than 1.6 million Prepaid Plans have been sold, and our Florida 529 Savings Plan has been ranked among the best-performing college savings plans by both Morningstar and SavingforCollege.com.
MOST SUCCESSFUL & SECURE
Every Florida Prepaid College Plan is fully guaranteed by the State of Florida, and even during challenging economic years the prepaid fund has never once operated in a deficit.
To provide Florida families with an affordable means to save for their children’s future college education, the Florida Legislature created the Florida Prepaid College Program in 1987. The first Florida Prepaid College Plans were sold in 1988, and were augmented with the addition of the Florida 529 Savings Plan in 2002. Mr. Stanley G. Tate was instrumental in the early development of the Florida Prepaid College Board and served tirelessly as its Chairman during the program’s first 18 years, from 1987 to 2005.
In 1987, Stanley G. Tate fought to put higher education within the reach of the average Florida family, and chose the Florida Prepaid College Program as his way to accomplish it. Tirelessly, he championed the college savings program until, on September 22, 1988, Governor Bob Martinez’s twin granddaughters became the first two beneficiaries, bringing Mr. Tate’s vision into a reality.
The program grew quickly, repaying the “start-up” loan it had received from the Florida Legislature in just one year and remaining self-supporting ever since. Florida Prepaid College Plans have been offered every year since, with the Florida 529 Savings Plan being added in 2002. This gave Florida families even more flexibility and options to save for college.
Now celebrating the 25th Anniversary of the first Prepaid Plan sales, the Florida Prepaid College Board oversees the largest and most successful prepaid program of its kind. More than 1.6 million Prepaid Plans have been purchased and nearly 350,000 students have attended college using their Prepaid Plan. The Florida 529 Savings Plan, which the Board also oversees, has been ranked among the best performing college savings plans by both Morningstar and SavingforCollege.com. Certainly, Mr. Tate’s legacy will continue to live on through the children the program he started helps year after year.