If you’ve got kids, you’ve probably already started planning for college…or have you? Find out why Florida Prepaid is such a great option and the truth behind some of the myths you may have heard.
It may seem crazy but when you have a kid, you’ve got to start thinking about college tuition the day after they’re born (or even before). While we can hope that our kids grow up to get full scholarships to the college of their dreams, we have to make plans, just in case. College is expensive and the earlier you start saving, the better!
That’s why I think Florida Prepaid College Plans are such a great option. They allow you to prepay so that when your child is ready to head off to college, tuition is covered. If you’ve seen the cost of a college education these days, you already know that the earlier you start planning, the better.
If you’re hesitating because of myths you may have heard, you’ll be happy to find out that they’re just that…myths. These are a few of the most common ones.
Florida Prepaid only covers Florida schools
This isn’t true. The amount that is covered by your prepaid plan can be used at schools nationwide.
If you purchase a prepaid plan and move out of state, your child will no longer be eligible for in-state tuition rates
If you move from Florida, your child will still pay in-state tuition rates at Florida colleges or state universities.
If your child doesn’t go to college, you lose the money
You will actually not lose your money. You have the option to change the beneficiary of the plan or get your money back.
There are so many benefits to the Florida prepaid plan that it just makes sense to take advantage of it. The state of Florida guarantees every plan so that you never lose your investment. Plus, if your child wants to take a year or two off after high school, they can still use their plan for up to 10 years after their projected enrollment.
That scholarship you’re hoping for? If your child grows up to be a sports star or a genius (fingers crossed), you’ll get a refund for the amount the plan would pay at a public college or university.
When you look at all the advantages, there’s really no reason NOT to sign up for Florida Prepaid. If you use the promo code BLOG1617, you’ll even save 50% off the enrollment fee!