Florida Prepaid’s Open Enrollment Is Here!

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Disclosure: This post is sponsored by Florida Prepaid. As always we only work with companies and brands that we are truly passionate about!

‘Tis the season for Florida Prepaid Open Enrollment! Between October 15, 2017 and February 28, 2018, you now have the ability to save for your child’s future and enroll for a Florida Prepaid Plan. Since this is the only time you can enroll for your child’s plan throughout the year,  you will be able to select one of five Prepaid Plans, each with specific costs, payment schedules and benefits.

If you saw my last post here, you know why college is so important to me as a mom, and since I am an alumni from a Florida college (go bulls!), it gives me even more reason to be passionate about the Florida Prepaid Plan. The Florida Prepaid College Board encourages families to save now for a child’s college
education. Click here to learn more! I was fortunate to graduate from college without the burden of student loans. With the rising costs of college tuition, there is nothing more that I want for my children than to have them be free from debt upon graduation.

Here are a few of the reasons why college savings matters:

  • A study by the Center for Social Development at Washington University in St. Louis found found that having a savings account dedicated to college savings was a better predictor of whether a child would attend college than race or parents’ net worth.
  • A recent Georgetown University study estimates that a student with a bachelor’s degree can earn
    $1.6 million more in their lifetime than a student with only a high school diploma.
  • Georgetown University projects that by 2020, 65% of jobs in Florida will require postsecondary
    education.
  • Knowing that a child will have something set aside can help families avoid the stress that others experience when high school graduation is imminent and they find themselves unprepared.
  • The earlier a family starts saving, the more opportunity there is to spread the payments–lowering the
    monthly contribution necessary to reach college savings goals.
  • The guarantee of a Prepaid Plan allows you to avoid worrying about future college costs.
  • No matter what the future cost of college is, planning now allows families to help the children in their
    lives start their career after college with less, or no, debt.

Florida Prepaid offers many plans including yearly and a 529 plan,  but their 1-Year Florida University Plan is their most flexible plan to date and the most affordable Prepaid Plan to fit a family’s budget. This is the only Prepaid Plan offered that allows families to save for a child’s postsecondary education one year at a time, starting at less than $50 per month. This plan also allows families to share in the cost of college, with different family members each saving toward one or more of the four years.

And for some really exciting news, this is not a trick! It’s Florida Prepaid’s treat! They’re so happy you started saving for college with them, they’re going to pay off one lucky winner’s Prepaid Plan! Anyone who purchases a Florida Prepaid College Plan between Oct. 15 and Nov. 30, 2017 will be automatically entered to “win the gift of college” from FPCB, with the selected Plan purchaser’s entire Plan being paid off in full by FPCB.

Click here to start saving and learn more about Florida Prepaid’s Open Enrollment.

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