There are two Florida 529 plans: the prepaid plan and the savings and investment plan.  Which is best?  That depends on your situation.  Both serve the same purpose…making the cost of higher education affordable for your children.  By driving costs down, it makes college more managemeable for all families from upper class to lower class.  The question is whether you have the money to pay now or whether you’re on a tight budget and need to stretch out those payments over a period of time.  In terms of benefits, there is no significant difference.  Also, remember if you decide to go with payments, you can always pay your florida prepaid 529 off early.