The school year is in full swing with spring break just around the corner! My teen daughter’s are selecting their classes for next school year. These academic decisions are stepping stones to prepare for the next grade level, college plans and a successful career.
Did you know it’s also Florida Prepaid College Board’s Open Enrollment period? This is the one time each year Florida families can purchase Florida Prepaid College Plans. Options include prepaid tuition plans and prepaid dormitory plans. Open Enrollment ends with prices as low as $47 a month. College plans made in advance provide the opportunity to save now and avoid debt later.
Save big on your application fee when you use savings code: BLOG1617
Consider These Tips When Making College Plans:
- Florida Prepaid College Plans allow you to prepay the future cost of college. When your child is ready for college, the plan pays the tuition, tuition differential fee and other specified fees covered under the plan.
- Guaranteed – Every Prepaid Plan is guaranteed by the State of Florida, so you will never lose your investment.
- Nationwide – Even if your child attends an out-of-state or private college, the plan will pay the same amount as it would pay at a public college or university in Florida.
- Scholarships – If your child receives a scholarship, you can get a refund for the same amount as the plan would pay a public college or university in Florida.
- 10 Years – Your child has up to 10 years after his or her year of projected enrollment to use the plan.
- Children with as little as $499 designated for college are 2.5 times more likely to enroll in and graduate from college.
- The Federal Reserve reported last year that student debt across the U.S. has reached about $1.2 trillion. Meanwhile, more than two-thirds of new alumni have debt, at an average of $35,000 per graduate.
- 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.
- According to projections, 59 percent of all jobs in Florida will require postsecondary education by 2018, but only 43 percent of Floridians are projected to hold a college degree by 2025, leaving the state with a significant “skills gap.”
A higher education becomes affordable when you can prepay, on a monthly or lump-sum basis with Florida College Prepaid Plans. Start saving early for future costs of a college education to set your child on the past to success!