This post is sponsored by the Florida Prepaid College Board, through my role as a Believer Blogger. All thoughts are my own.
Florida Prepaid Open Enrollment 2015 | What You Need to Know
It’s that time again. Your kids. Their future. Kind of a big deal, I know. Your child’s college education is definitely one of those parent worries that everyone can relate to. Not sure that you could afford to pay for a child’s college education? We were scared too…so scared in fact that we almost didn’t have our second child (check out my post HERE). With college prices on the rise, how can we give the best to our children? Florida Prepaid College Plans. Florida Prepaid Open Enrollment 2015 is HERE, and I have all of the information that you need to know for investing in your child’s future today.
1. What’s New
Just this week, the Florida Prepaid College Board approved the 2015-2016 prices. And if you remember the HUGE price drop from last year, this is GREAT news. This 2015-2016 year, college plans start as low as $46 a month. SO AFFORDABLE! With a very minimal increase from 2014, this means that your family can still jump on the opportunity for amazing savings and the investment in your child’s future.
How are these prices available? The affordable prices are related directly to the 2014 law that reduces the maximum annual increase of the Tuition Differential Fee to six percent for preeminent State Universities and zero percent for all other State Universities. Previously, the Tuition Differential Fee could increase by up to 15 percent annually at all State Universities.
2. Plan Options for Every Family
Now more than ever, Florida Prepaid offers more options and plans for your family’s budget, including the new 1-Year Florida University Plan! Starting under $50 a month, you can purchase up to 30 credit hours at a time without the pressure of purchasing all 4 years at once. I know for struggling families, this is such a welcome offer! What other college plans does Florida Prepaid offer for your family?
- NEW 1-Year Florida University Plan
- 2-Year Florida College Plan
- 4-Year Florida College Plan
- 2+2 Florida College Plan – with guaranteed state university admission to finish their degree!
- 4-Year Florida University Plan
What plans did we purchase for our children? The 4-Year Florida University Plan. For my husband and I, it was an easy choice. Both graduated from the University of Central Florida, we know how much that having the access to one of Florida’s best state universities gave us the opportunities that we couldn’t even have dreamed of….including love and marriage 🙂 With the 4-Year Florida University Plan, they can fulfill their college dreams at one of Florida’s 12 state universities. And if “life” changes, they can still use the money towards any college of their choosing….nationwide.
3. What’s the Catch
Sounds too good to be true? Yes, I was skeptical too. But with the Florida Prepaid College Plan, I know that I am giving my kids the best opportunities for a great college AND at the price I am looking for.
- EVERY Florida Prepaid Plan is guaranteed by the State of Florida. You can never lose your investment.
- If life changes happen, you can apply your investment to a school nationwide, transfer funds to another child or even get a refund on your investment
- Not ready for college right away? Your child has up to 10 years past their projected enrollment year to begin their college journey.
- Can be used at 28 colleges and 12 state universities state wide!
- Covers hidden college fees: such as health fees, student financial aid fees, athletics fees, and more.
4. About That Worry Thing
Parents I am right there with you. I was uncertain how investing in Florida Prepaid would be beneficial to our family. I read all of the small print and still was skeptical about how investing just a little bit today would cover my children’s whole college tuition. And what did I find in the end? It’s a blessing for our family. To be able to live in Florida and provide a lifetime of “tomorrows” for the two most precious things in my world, it’s a huge weight off of my shoulders. I have not just one but two Florida Prepaid College Plans in place. Two paid for undergraduate degrees. I no longer have to pray and hope for a college scholarship for my kids to attend college. And I’ll tell you what, it’s one of the BEST investments I have ever made.
College is no longer a dream for our family. It’s a dream come true. Check out all of the options, learn more information and get ready for Open Enrollment at MyFloridaPrepaid.com. Open Enrollment begins October 15, 2015 and your child’s college education is looking bright! Follow Florida Prepaid via Facebook.com/FloridaPrepaid and Twitter at @FloridaPrepaid for the latest updates, college saving tips and more. And if you have questions, I’d love to share my personal experience with Florida Prepaid with you too! Ask away!