Today I’m sharing the Top 5 Myths About Florida Prepaid College Plans busted so your child can live their fairy tale dreams. This post is sponsored by the Florida Prepaid College Board as a my role as Believer Blogger. All opinions are my own
Top 5 Myths About Florida Prepaid College Plans
We grow up believing fairy tales to be true. These days, my toddler believes that when she puts on a princess dress, she immediately becomes the princess. Dancing, twirling, and blowing kisses, this little girl transforms into royalty in every possible way. In my mind, she is a princess. There’s no way that I want to discourage those fairy tale dreams.
In a way, we all grow up believing certain myths to be true. And when it comes to choosing the right college plans for my kids, I definitely had some preconceived beliefs. As we close in on the last few weeks of Open Enrollment, I want to take the time to dispel the Top 5 Myths About Florida Prepaid College Plans so you can make the best possible education plan for your children. The princes and princesses of your life can still have their fairy tale dreams come true.
I can’t use Florida Prepaid at colleges outside of Florida
It can be deceiving with a name like Florida Prepaid. But Florida Prepaid College Plans while designed to be used at a Florida College or University can be used nationwide. Public, private, in-state or out-of-state, the same funds can be used towards the college of your choice.
My investment disappears if my child doesn’t attend college or gets a scholarship
Every Florida Prepaid College Plan is GUARANTEED by the State of Florida, so you’ll never lose what you have invested. There’s lots of different options for your investment if your child decides not to attend college or receives a scholarship. You can transfer your plan to an eligible family member. You can also cancel your plan for a full refund of what you paid for. If your child receives a scholarship, you’ll actually receive a full refund for the entire plan amount (beyond what you paid for)!
I lose my Florida Prepaid College Plan if I move out of Florida
It’s true that you need to live in Florida to qualify to sign up for a Florida Prepaid plan. However, it’s NOT required to stay in state to keep your plan. If you and/or your child move out of state, your Florida Prepaid College Plan will continue as if you never left. And if your child decides to come back to Florida for college, they’ll still be considered an in-state student.
My child has to use their Florida Prepaid College Plan as soon as they graduate high school
Worried about the ticking clock when your child graduates? The future can definitely be undecided as you and your child figure out the best path for their education. Your child will have up to 10 years from their projected enrollment year selected on their application to use their Florida Prepaid Plan. And don’t forget that you can also transfer or request a full refund as well!
Having a Florida Prepaid College Plan gives me more to worry about
Has your eyes been widened? I know mine has. In fact after reading through these myths with my husband, that’s when we decided to get Florida Prepaid for my son and now my daughter. That’s right, both of my children now have their college educations paid for thanks to Florida Prepaid. I sleep better at night knowing that I don’t have to worry about my kids’ futures. I am ensuring the best possible college educations for them right now.
Now through the end February 2016, you can provide the best possible futures for your children as well. Through 2/29, sign up for a Florida Prepaid College Plan through the Open Enrollment period of 2015, to lock in your low rate. And with even more options and payment plans for this year, there’s a plan for every family budget. Get a special gift when you use promo code BLOG1516 at checkout too! But hurry, prices may rise after February. Get your Florida Prepaid College Plan today.
No matter what college they choose, no matter what state we may end up, no matter what life may throw at our family, I know that my kids can have the fairy tale dreams that they want to achieve. There’s no myths in my kids’ futures, only hope. I’m believing in Florida Prepaid College Plans.