How can I save for the additional cost of a tuition differential fee?
A separate Florida Prepaid College Plan to cover the tuition differential fee is offered by the Florida Prepaid College Board. Families also can save for this additional expense with the Florida College Investment Plan, also offered by the Board. The College Investment Plan is a tax-free savings plan covering college expenses such as tuition, fees, books, room and board. However unlike the guarantee attached to the Prepaid College Plan, the College Investment Plan carries with it the risks of investing.
A. A separate Florida Prepaid College Plan to cover the tuition differential fee will be offered by the Florida Prepaid College Board as of the October 15, 2007 start of the upcoming 2007-08 open enrollment period. As an alternative, families can begin saving tax free today in the Florida College Investment Plan, also offered by the Board. The College Investment Plan is a tax-free savings plan covering college expenses such as tuition, fees, books, room and board. However unlike the guarantee attached to the Prepaid College Plan, the College Investment Plan carries with it the risks of investing.