Disclosure: This is a sponsored post but all opinions expressed here are mine.
There are many preconceived notions out there in regards to prepaid financial plans involving your children’s college tuition. If you’ve read any of our previous posts about the prepaid Florida college programs you know how we feel here at Real Advice Gal in regards to preparing for your child’s future financially. It is important for your child to have a secure plan in place to know that their educational future is being looked out for as well as their financial future so they do not begin their adult life and career weighed down by debt.
There are three myths regarding prepaid Florida college programs that I would love to challenge you to look closer at:
First, is the myth that if your child decides to go to college out of state you lose your investment. The funds that you put into your Florida Prepaid account for your child will always be available to them whether they attend college in state or out of state.
Along those lines is the second myth that if you decide to move out of the state of Florida you will lose your position paying for “in state” tuition rates. Even if you move out of the state of Florida your child will still be billed “in state” tuition rates should they choose to attend a Florida college or university.
The third myth is that if your child chooses not to attend college at all then your investment would be lost. Should this happen, you can change your beneficiary of the plan for them to receive a full refund or for you to receive your money back in full. Every Florida Prepaid program is guaranteed by the state. Which means your investment is safe and if your child decides to attend college or university in the state of Florida their tuition and all differential fees will be completely covered for them. Your child has up to 10 years after their projected enrollment year to use their Florida Prepaid plan, so should they choose to differ from college for a little while, join the workforce before deciding on an educational path, and or make alternate educational plans that involve a private college or scholarship route they can still return to their plan and use it at any point in those 10 years.
Given the level of uncertainty in today’s marketplace, what better peace of mind for you and your family that your child’s educational needs are taken care of?
Please take a moment to check out their website at: www.myfloridaprepaid.com and check out our previous post about the subject here and here. Now through the end of open enrollment on February 28, you can use the code BLOG1617 to receive 50% off your enrollment fees.