Tuesday February 28th is the last day to sign up for Florida Prepaid for the 2016-2017 fiscal year. If you live in Florida, and you have children, I urge you to sign up before it is too late.
“Families can reduce the stress of financing college by starting to save early,” said Board Chairman John Rood. “Our Plans are guaranteed by the State, flexible enough to be used at private and public institutions nationwide, and prices remain near the historic lows we have seen in the past few years. We encourage families to select the plan that best fits their college savings budget and goals.”
This is your last chance!
Benefits and Sample fees
- Florida Prepaid will charge $55 a month and this guarantees your child a 2 year degree or trade certificate from an accredited college.
- Companies are more apt to hire someone with a college degree, so this infant has a better chance in the job market.
- When this child finishes their associate’s degree from a Florida college, they are guaranteed admission to a State University in Florida.
- If your child moves out of state, Florida Prepaid will pay the same amount as it would pay at a public college or university in Florida towards the college of their choice.
- Funds are never lost. They are guaranteed by the State of Florida.
- Your child can use the funds up to ten years after they graduate, and if they choose not to go to school, the funds can be transferred to someone else.
If you waited until the last minute you have no need to stress.
Suggested ways to pay for Florida Prepaid
- Tell grandparents about the program. Perhaps they would like to pay for part of the plan or maybe even all of it!
- Use a credit card and make payments that way.
- Encourage your teen to pay for part of the plan. Tell them you will pay half if they put half the funds in for their education.
- Use our discount! Because you are a faithful reader of Heart of a Philanthropist and because we love you, we are offering a 50% off code for sign up fees! Use #coupon code BLOG1617 at checkout.
“We understand that saving for college can seem overwhelming,” said Board Executive Director Kevin Thompson. “That’s why we’ve made Open Enrollment a simple, straightforward process that makes it easy for families to take the first step toward saving for college. Multiple studies have found that students with college savings are more likely to attend and finish college, and that having a degree greatly improves lifetime earning potential.”