This post is sponsored by the Florida Prepaid College Board, through my role as a Believer Blogger. All thoughts are my own.
The hoopla of the holidays is over, and we’re one month into the New Year! Life is getting back to normal. The New Year is also a fantastic time to think about new goals for not just yourself but for your family. It’s a great time to come up with individual goals and also family goals. It’s also a great time to set goals for the future and to start saving money for the future.
Time flies! It was just like yesterday Little Dude was a tiny little 3- month- old baby and now he’s 7- year- old. Babies don’t keep, you know. The perfect time to start saving is while they are young before they hit those college years.
Must Know Facts & Myths about Florida Prepaid!
It’s a total myth that Florida Prepaid is restricted to Florida schools. Actually, the Fact is that Florida Prepaid isn’t limited to Florida schools; the amount covered by your Prepaid Plan can be used at schools nationwide.
Another myth, Florida Prepaid can only be used if my child remains a Florida resident. The Fact is, if the beneficiary moves out of Florida after purchasing a Prepaid Plan, your child would still be billed at in-state tuition rates when using their plan at a Florida college or state university.
It’s a Myth, if my child doesn’t go to college, I lose all that money. The Fact is if your child doesn’t go to college, you can change the beneficiary of the Prepaid Plan or get your money back.
Check out some highlights of the Florida Prepaid Plans
Check out some of the highlights or head over to the website for more plan details!
- The 1-Year Florida University Plan is “stackable” allowing multiple family members the ability to contribute to paying for a child’s education. For example, Mom and dad can buy one year, grandparents can buy another, aunt and uncle can buy a third, grandmother can buy another, and then a child has tuition at a 4-year university paid for without the parents or one family member taking on the entire burden.
- The 2-Year Florida College Plan gives your child the ability to make practical, affordable path to entering his/her chosen career with an associate’s degree or trade certification.
- 4-Year Florida College Plan provides a practical, affordable path to a bachelor’s degree. There are 28 Florida colleges, and they’re typically less expensive than a university education.
- 2+2 Florida College Plan, your child can receive a degree from one of Florida’s prestigious state universities for less than a typical four-year university degree. By starting your child off at one of the state’s 28 Florida colleges, you’ll save money on lower-level courses before transferring to a State University to finish off their degree.
- 4-Year Florida University Plan, start your child off at one of Florida’s 12 prestigious state universities and see them through their four-year journey. If your child decides to start at a college (typically less expensive), the unused funds from this Plan can be applied to a post-secondary degree, or you can get the remaining money back.
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Woah! Great photos you have! I believe in saving, the Bible tells. Thanks for sharing!
Yes, time files and it’s best to save when their young! Collage can be so expensive.
I wish my parents had done this. I had to make up a lot of ground for my future expenses.
Sara Welch recently posted…Another School, Another Shooting
I don’t have kids but I know the value of saving for your future. I think this is a great option for parents to make sure that their kids have secure and bright future ahead of them, no matter what they choose to be in life.
Carol Cassara recently posted…How to discover your life purpose
I love how you dispelled myths! So cool that your child does NOT have to remain a Florida resident! It is SO vital we start saving ASAP!
You’re right it’s never too soon to start saving for the future. Saving for education is always a great idea.
I am always trying to think of ways to save the future. You can never say too soon so I am all up for programs that facilitate this.
Lisa Favre recently posted…The Hygge Touch: Inspiration for Your Day-to-Day (and Homemade Hot Chocolate)
I had Florida Prepaid when I went to college. I wish I could get the plans for my girls but unfortunately, it’s just too costly.
Heather recently posted…Will You Be My Valenslime?
It’s never too early to start saving for the future. I really like the idea of Florida prepaid plans. I wish my state offered something like this.
Good grades are very important. Scholarships are a big deal if you aren’t a millionaire family.
It sounds like Florida is the place to be when it comes to furthering your education. I wish more states would jump on board and create a program like this.
Heather recently posted…$2,000 Lucky Cash Giveaway!
Life does speed by so fast! My oldest just turned 10 and I feel like I just blinked! We have been planning for the future of our three kids but it does feel daunting sometimes. I will have to check this out.
You never know what the future is going to hold. I want to make sure I give my children the best start I possible can! I think this would be a great way to make sure they are taken care of later in life.
I love that this is out there. It’s so important to start saving because college isn’t cheap! The cost of the books alone are frightening.
Amber Myers recently posted…What’s Up With Her Teeth?
This is great. It’s so important to plan for the future. I wish we would have started sooner, but it is what it is now!
We live in Texas and I wish we had this here. My family in Georgia has a good college program.
My children started saving for the future as soon as they were old enough to get jobs. We helped them make a financial plan. The youngest is only 25 and is well on the way to financial freedom as well as her brothers. Plus we invested money for each of them when they were young. Their portfolios are set.
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My cousin moved to Florida just for the college plan! I think it’s wonderful that the state helps out so much. I wish Massachusetts did.