Blog disclosure: This post is sponsored by the Florida Prepaid . All thoughts are my own.
Back to school was one of my favorite seasons as a little kid. When I was a small child I actually really liked school. Even back then, I saw it as an opportunity for a fresh start and a clean slate. Admittedly, I also have a thing for office supplies.
Now as an adult, the joke in the personal development space is the Fall is like New Year’s Part 2. The kids going back to school for another year gives parents an opportunity to get back to their own goals.
Many of the goals are financial. For example, one I hear very often from coaching clients is how they use Back to School season to review their income goals for the year. Part of the reason they want to keep increasing their income is so their kids can go to college later.
That is a very worthy goal and I usually commend them for thinking about the future like that. After all, the cost of college these days is no joke.
In addition to making sure they are earning enough money to be able to put their kids through college, they can do something else. They can start saving for college right now – no immediate increase in income required!
Florida Residents Can Start Saving for College NOW!
Florida residents have a great opportunity to set their kids up for college by opening a Florida Prepaid College Plan.( FYI – You can get the application fee waived through September 2nd! Click here to learn more and enroll!)
If you’ve been reading my blog for a while, you may have heard me mention these guys a lot. That’s because my brother and I graduated from college debt free thanks to this program.
As soon as my brother and I were born, my parents immediately enrolled in a Florida Prepaid College Plan. This allowed them to save a manageable amount of money each month for 18 years. That money was then used to pay for our college education. In my brother’s case, his account completely paid for his education at a public university!
The reason my parents enrolled in a Florida Prepaid account was that, as immigrants, their parents did not have the opportunity to save for their college education. As a result, my mother had to take on student debt.
All my mother had to pay in student loans back in the early 80s was $2,000 and she still thought it was too much! That’s nothing in comparison to today when students are graduating with an average of $36,000 in student debt!
Anyway, my parents did not want my brother and I to graduate from school and already have to deal with debt. They didn’t see the logic in it so they did everything in their power to make sure we wouldn’t have to take on student debt.
Florida Prepaid was a big part of their financial plan to ensure my brother and I would have a shot at an education without having to start our adult lives underwater.
My brother and I are eternally grateful to them and to Florida Prepaid. It was my parents’ foresight and Florida Prepaid College that allowed us to get an education without having to struggle.
Little did we know many of our friends would have to deal with tens of thousands of dollars of student loan debt. The fact that we didn’t says a lot about our parents and about the effectiveness of Florida Prepaid College.
How Florida Prepaid College Works (Plus – save $50!)
Florida Prepaid College Plans are savings plans that allow families to save a set amount of money each month for future education costs. These plans are backed by the state and their value is not contingent upon what’s going in the stock market.
Once your child is ready to go to school, you can withdraw the money to pay for education costs across the country. This includes private institutions as well (I went to a private school that accepts Florida Prepaid).
Here’s all you need to do to get started:
Step 2: Choose your preferred Florida Prepaid Plan.
Step 3: Fill out the application
Step 4: Use the code BTSBLOG18 to get the $50 application fee waived!
That is literally it! It doesn’t get any simpler than that. A few minutes of your time can make all the difference in making sure your child can go to college debt free.
If you’re a Florida resident, you do not want to miss out on this unique opportunity. We are fortunate enough to have one of the most successful and effective college savings plans in the nation. Their plans are also extremely flexible so there is literally no excuse!