Florida Prepaid: Fact vs. Fiction

This post is part of a sponsored collaboration with Bloggin’ Mamas and the Florida Prepaid College Board as part of the Florida Prepaid Mama’Bassador Program.  As always, all thoughts, opinions, and text are my own.

As a second year Florida Prepaid College Plan Ambassador, I get lots of questions about Florida Prepaid.  And not just questions here in the comments section on my blog, I get questions from friends all the time about what Florida Prepaid does and does not offer.  They ask what happens to their money if their child gets a scholarship or if their child needs less schooling for their desired career path than what they’ve paid for or what happens if they move…I’ve pretty much heard it all at this point, but more than anything else, there seems to be lots of mis-information out there about Florida Prepaid.  This fiction is often what stops people from signing up for Florida Prepaid.

The number one fiction I hear about Florida Prepaid?  That you have to go to a Florida school to use your plan.

I hear this time and time again, and can’t stress enough that it isn’t true.  Not even close.  Fact is Florida Prepaid isn’t restricted to Florida schools.  If your child chooses to go to school out of state, the amount covered by your Prepaid Plan can be used at schools nationwide.  If you move out of Florida after purchasing a Prepaid Plan, your child would still be billed at in-state tuition rates when using their plan at a Florida college or state university.

More facts about Florida Prepaid College Plans include:

  • Florida Prepaid allows 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.
  • Every Prepaid Plan is guaranteed by the State of Florida, so you will never lose your investment.
  • 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.
  • Your child has up to 10 years after his or her year of projected enrollment to use the plan.

In some very uncertain times, Florida Prepaid is guaranteed and one of the soundest investments you can make – an investment in your child’s future!  And right now, starting your guaranteed investment in your child’s future is easier than ever.  Simply use code BLOG1617 for 50% off the enrollment fee.

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