Savingforcollege.com has ranked the Florida College Investment Plan first among all direct-sold 529 savings plans in the country for one-year and three-year investment performance for the period ending December 31, 2008.
The plan is administered by the Florida Prepaid College Board and utilizes the services of six different outside money managers to invest monies in the plan's five flexible investment options.
A Florida College Investment Plan account can be opened with as little as $25 a month or an initial single payment of $250.
Families are able to save at a pace that fits their budget, as they decide how much and how often to contribute to their account. The plan can be used at colleges nationwide for expenses such as tuition, fees, housing, textbooks and computers.
For more information, visit the website here.or call 1-800-552-GRAD (4723).