This is a sponsored post for Florida Prepaid through Bloggin’ Mamas. Opinions are entirely my own.
2017 is almost here. If you have kids, let me ask you something: How much money did you put away for their college education this year? Have you even thought about it? This will not be my first time talking to you about the Florida Prepaid College program, but I can’t help it. I seriously think it is the most amazing program ever to help you pay for your kids college education.
Remember last year, when I talked about how my parents got me a prepaid plan and I left college with ZERO debt or student loans? Many of you commented and tweeted me that it sounded like a great program and said you were going to look into it. So did you? If you did, there is a good chance you paid off at least a year of your kid’s college. The Florida Prepaid program makes it easier than ever to pay for college in easy to pay increments that you can afford.
The Florida Prepaid Program has a number of different options, but I want to focus on its newest one: The 1-Year Florida University Plan
The 1-Year Florida University Plan lets you buy one year at a time. This means, you can have smaller payments, while still working toward a concrete goal of paying for your kid’s college. This plan also gives family members a chance to contribute. Grandma and Grandpa can give the gift of a year of college… how awesome is that?
Here’s a few more stats about the 1-Year Prepaid Plan:
- The most affordable Prepaid Plan to fit your budget. The 1-Year Florida University Plan can be purchased in incremental years and allows for multiple plan purchasers.
- If the child receives a scholarship, such as Bright Futures, the amount covered by the 1-Year Florida University Plan, not just what you paid in, can be refunded or used to pay for tuition and fees not covered by the scholarship.
- If the child moves out of Florida, the child remains eligible for in-state tuition and fees at a Florida College or State University while using his/her 1-Year Florida University Plan.
- The child has 10 years from the projected enrollment year selected on the application to use his/her 1-Year Florida University Plan.
As always, the amount covered by your plan can also be applied to other schools nationwide, your child does NOT have to go to a Florida school. Want to figure out how much it will cost you to pay for a year of college? Click here and at the bottom of the page there is a college plan calculator. Also, if you use the code BLOG1617 you will receive 50 percent off your application fee – a savings of $25. Don’t let another year pass you by without making a dent in that college fund!
This is pretty cool. I never had an option like this growing up and now am stuck paying off student loans.
We are still paying off my husbands.. so I can feel your pain! 😉
Great tips! It is my goal for my kids to have no students loans like I did.
Its the best, right? We are STILL paying my husbands student loans! It stinks!
This is great information. I am looking into a savings program for my baby now.
I am glad you found it helpful!
Wow, what a smart idea. I’ve thought many times that we will probably never be able to afford college tuition for our kids, but this sounds like it could be a solution to the problem! Thanks for sharing 🙂
It is an amazing program! We have it for both of our kids.
This is an awesome thing to do!
It is really a great program to help you save!
This sounds great. As a new parent, things like this are definitely on my mind!
Yes, it is so important to think about early, so you dont get overwhelmed in a few years.
This is great! thanks for sharing! College will be here before we know it!
I’m always worried that my kids will choose a college outside of the plan.
I wonder if other states have similar programs? I always encourage family members to gift my children cash and we always put it in their college fund. We may need to consider stacking more away this year. College will come faster than I think!
I really like the 1-Year University Plan as well. It takes the pressure off of needing to commit to all 4 years. It’s so cool that your parents did that for you. (Thanks for being one of our Bloggin’ Mamas Mama’Bassadors!)
My parents helped my sister and I pay for our college degrees, which helped immensely when we were both starting out in the real world. My husband’s parents weren’t able to do the same with him, so he and I are still paying off those student loans 10 years after we graduated. :/ He and I are hoping to help our kids as much as we can–I love that there are options like this to make the savings easier!