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The Florida Prepaid College Board is celebrating 20 years of helping families save for college. Since the prepaid fund opened two decades ago more than 880,000 Florida families have invested in the plan. Florida prepaid allows instate parents to lock in the price of tuition. Former Governor Bob Martinez bought the first two prepaid plans for his twin granddaughters.

“Education is a smart choice no matter what economics are and here is a way were you have a number of years to make payment on your children’s education, and it can’t be any easier. If you wait to the very end it can be expensive because you have to come up with the money at one time, but if you go ahead and get a prepaid tuition contract when they’re infants, when their young, and make your yearly payments, it sure does reduce the pain of that payment,” said Martinez.

Parents who bought into the plan 18 years ago will save 8,000 dollars by the time their kids graduate.