It’s that time of the year for Florida families! Florida Prepaid Open Enrollment is happening NOW and I have a Florida Prepaid Application Fee Promo Code for you. Use Promo Code MOM2021 to get your application fee waived through the end of February 2021.
This post is sponsored in partnership with Florida Prepaid College Plans.
We are still living in uncertain times and as parents we are doing our best to navigate these unchartered waters. In my household, we started off the school year doing e-learning then switched to brick and mortar school in the late fall. After the winter holiday, we made the decision to resume e-learning until I can get vaccinated.
Though there have been a lot of changes and challenges in recent months, there is a lot to be thankful for. Cooking most meals at home and spending more time outdoors has been really good for us as a family and good for my budget.
Living in Florida, we are fortunate to have wonderful weather all year round and many opportunities for outdoor activities. Like most parents, I try to stay optimistic and look toward the future. I do the best that I can.
Florida Families Are Looking Toward the Future
Many Florida families have continued to save for their children’s education during COVID-19. To break that down even further, 60% of Florida families maintained saving during the pandemic and 24% increased their college savings according to a recent survey conducted by the Florida Prepaid College Board! It’s pretty safe to say that Florida parents view saving for their child’s education as more important than ever.
What is a Florida Prepaid 529 College Plan?
For starters, Florida Prepaid is the longest running and most successful prepaid plan in the nation, with more than 1.8 million plans sold to date. One of the many terrific things about living in the sunshine state! If you’re not familiar with Florida Prepaid College Plans, think of it like the 401k of college savings – a smart, tax-advantaged way to save for your child’s future tuition costs.
It’s not just for college tuition. You can use your Florida Prepaid 529 Plan for other specified fees and even dormitory housing. AND, whether your child goes the college or trade/vocational school route, Florida Prepaid has you covered!
How much does a Florida Prepaid Plan cost?
The earlier you start, the cheaper your monthly installments are. Florida Prepaid offers five plans, starting at less than $46 a month for a newborn. There are a variety of different Prepaid Plans available to meet your needs. The age of your child will be a factor when it comes to final pricing.
• 4-Year University Plan, starting at $180.51 a month
• 1-Year University Plan, starting at $45.16 a month
• 2 + 2 Florida Plan, starting at $144.81 a month
• 4-Year Florida College Plan, starting at $115.9 a month
• 2-Year Florida College Plan, starting at $53.7 a month
Where Can You Use Your Florida Prepaid College Plan?
The plan pays the tuition and fees at any Florida College or State University. If your child attends an out-of-state college, private college, or technical/vocational school, the plan will pay the same amount as it would pay at a public college or university in Florida. If you move out of state, you’ll still be able to contribute to the plan as if you never left. AND, your child will be considered an in-state resident if he or she decides to return to Florida for their college or university education. How awesome is that?!
Plus, you can rest easy knowing that every Florida Prepaid 529 Plan is guaranteed by the State of Florida, so you can never lose what you pay into it. Quite simply, a Florida Prepaid Plan is one of the smartest, safest and most affordable ways to save for college today.
How to Enroll in a Florida Prepaid College Plan:
Florida Prepaid Open Enrollment is now (February 1, 2021 through April 30, 2021), so don’t delay! It is super easy to enroll. Visit the Florida Prepaid’s website and follow the prompts to select the plan(s) you would like to purchase. Don’t forget to note my promo code MOM2021 to save $50 on your application fee!
You might also enjoy reading these:
5 Key Steps to Getting Started with a Florida Prepaid College Plan
Tips for Transitioning to At Home Learning
5 Reasons to Open a Florida Prepaid Savings Plan for College
Ways to Inspire Your Kids to Dream Big