Blog disclosure: This post is sponsored by the Florida Prepaid College Board, through my role as a Believer Blogger. All thoughts are my own.
If you’ve been following the blog for the last few months, then you know I’ve been talking about open enrollment season for Florida Prepaid College. I’ve discussed my personal experience with Florida Prepaid, how it works, and how to save $25 on your application fee.
For my Floridian readers who have already enrolled their children in this college savings plan – congratulations! You’ve taken a huge step in setting your child up for a future that is free of burdensome student loans!
For those that have not, you still have some time. Open enrollment ends at the end of February and you can still use my code Amanda1718 to save $25 off your application fee.
With this blog post, I wanted to discuss bust one of the myths pertaining to Florida Prepaid College because I have personal experience with it.
Myth: If you don’t use the money in the account, you lose it.
This is 100 percent false. The reason I know this is because my parents ended up not using my all of my Florida Prepaid money due to an issue with my institution of choice. The issue was resolved while I was attending school and they were able to use some of the money to offset the overall cost.
While Florida Prepaid is accepted in both public and private institutions across the country, sometimes unexpected stuff happens and that’s pretty much what occurred in my case. I’d also like to reinforce the point that the issue was not on the part of Florida Prepaid, but on the part of the institution where I was seeking my education. This was also ten years ago and, as I mentioned, the issue was resolved while I was at that school and my parents were eventually able to use some of the money.
The good news is my parents didn’t lose the money they weren’t able to use. All you have to do is change the beneficiary or request to have them give you your money back. That money went to my brother who ended up staying in school a couple of years longer than I did.
Had it not been for the unused money in my Florida Prepaid account, my parents would have had to find a way to pay for my brother’s additional education (or he would have had to take out loans). So, in the end, everything worked out beautifully and we both graduated debt free.
Now, hopefully, you won’t experience a rare circumstance like I did. Hopefully, your child gets a ton of scholarships that pay for their school and that’s why you won’t need to use the money in the Florida Prepaid account. Either way, there is a way for you to get your money back if you end up not using it for whatever reason. Florida Prepaid understands that things change, which is why they give you an easy way to get your money back.
Open Enrollment Ends February 28th
If you’re thinking of enrolling during the 2017-2018 period, time is running out! Open enrollment for the current season ends February 28th.
If you’re thinking, “Eh, maybe I’ll just do it next year” I urge you to think twice about that. You see, if you enroll NOW then you lock in current plan prices. If you wait until later, you’ll end up needing to save more money as plan prices increase.
Listen, I don’t know about you but I’m not spending more money when I don’t have to. If you’re on the same wavelength then NOW is the time to enroll your child.
How to Enroll in Florida Prepaid College
Applying for Florida Prepaid is very easy and only takes 15 minutes!
- Visit the website by clicking here.
- Choose which plan you want
- Fill out the application
- Make sure to use my promo code to get $25 off the application fee! Code is Amanda1718
From there, you automatically save money each month into the account. It’s that easy! And this small action will save your child lots of headaches later on.
My brother and I were able to graduate debt-free thanks to Florida Prepaid then your kids can too.
Want to know more?
Florida Prepaid College is hosting a free webinar on Tuesday, February 20th at 12:00 PM EST! They will be discussing exactly how Florida Prepaid works and how the program has been helping families like mine for over 25 years!
Click here to register for free or click on the image below.