You Do Not Have To Be A Florida Resident To Participate In Its 529 Plan
Nearly every state offers section 529 plans for families who wish to save money for their children's college expenses. The quality of each plan, in terms of the possible fees, rules and regulations will vary. Some plans allow the account owner to change beneficiaries, while others do not. Florida has the Florida College Investment Plan, managed by the Florida Prepaid College Board. Parents can begin saving for their child's college education with as little as $25 per month. You do not have to be a Florida resident to participate in the 529 plan, which will pay for tuition, fees, textbooks, and room and board.