Where is the Board investing the money when I prepay tuition?
The Florida Prepaid College Board invests its funds in a variety of investment vehicles. The Board has a comprehensive investment plan that is approved by the Governor, the Chief Financial Officer of Florida and the Attorney General of Florida. This plan, including the asset allocation guidelines and investment plans for each of the investment managers forms the basis for the Board’s investment strategy. Currently, most of the funds are invested in fixed income issues (mostly government-backed securities), with the balance split equally between large-cap growth equities and large-cap value equities. The Board reviews the performance of its investment managers on a quarterly basis. Any revisions to this plan must be approved by the Board and resubmitted to the Governor, Chief Financial Officer and Attorney General for their approval.
