Florida Prepaid College Savings Plans — A Resource for Wellington and Palm Beach County Families
Florida Prepaid is the largest and longest-running prepaid college program in the nation. For Wellington families who chose this community partly for its strong schools, planning for higher education costs is the next logical step.
⚠️ Promotional details change. This post references a fall 2024 enrollment incentive that has passed. Current promotional offers, plan prices, and enrollment windows are updated annually. Visit myfloridaprepaid.com to see current plan options, pricing, and any active enrollment incentives.
Florida Prepaid College Plans allow families to lock in today’s tuition prices for future college costs — a meaningful hedge against the consistent upward trend in higher education expenses. Florida research projects that 85 percent of well-paying positions will require postsecondary education by 2031. For Wellington families who have invested in their children’s K–12 education by choosing this community, Florida Prepaid is the natural next planning step.
About Florida Prepaid
Florida Prepaid is the largest and longest-running prepaid college savings program in the nation, having helped more than 1.2 million families save for college since its founding in 1987. More than 626,000 students have used their plans. The program is administered by the Florida Prepaid College Board.
“We want to ensure more Floridians enjoy the peace of mind that comes with saving early.”
— John D. Rood, Chairman, Florida Prepaid College Board
Two Plan Options
Florida 529 Prepaid Plan
Allows families to lock in current tuition and fee prices for future enrollment at Florida public colleges and universities. Plan prices for newborns have been available starting as low as $34/month, making early enrollment the most cost-effective entry point. Prices increase as the child gets older.
Florida 529 Savings Plan
A tax-advantaged investment account that can be used for qualified education expenses at colleges and universities nationwide, including tuition, room and board, and supplies. Monthly contributions can start at $25. Families control how the funds are invested within the plan’s available options.
Recent rule updates worth knowing:
- 529 Savings Plan funds can now be used for K–12 education expenses, not just college
- Beginning January 2024, unused college savings in a 529 plan can be transferred to a beneficiary’s Roth IRA under qualifying conditions — reducing the risk of over-saving for education specifically
Current plan pricing, enrollment windows, and any active promotional incentives: myfloridaprepaid.com
Wellington families consistently rank schools as a top reason for choosing this community. The same planning mindset that drives school zone research before a home purchase translates naturally to education savings planning for what comes after K–12. Florida Prepaid is one of the most accessible tools available to Florida residents for that purpose.
The Wilder Real Estate Group has served Wellington families since 1996. We share resources like this one because the families who choose Wellington deserve to know about the tools available to them.
Brian Wilder
The Wilder Real Estate Group · Keller Williams Wellington
In business since 1996 · 1,500+ Palm Beach County transactions
Bilingual coordination with Lucy Lopez: 561-285-8809
561-201-4717 · palmbeachcountyhomeforsale.com