Florida Prepaid Open Enrollment ends May 30th, 2020 - Learn About the 1-Year University Plan & Why it May Be the Best Option For Your Family. This post is sponsored by Florida Prepaid College Plans. All thoughts are my own.
Right now there are less than 28 days until the closing of Florida Prepaid Open Enrollment. The last possible day to enroll in a new Florida Prepaid plan 2020 is May 30th, 2020. If you miss the deadline you’ll have to wait until 2021 and risk plan prices increasing.
Don’t put off saving for your child’s future another day. Enroll now and use code MUSE20 to save $50 off the application fee.
Saving for your child’s future education can sound overwhelming. I completely understand that current life expenses can override college savings. The good news with Florida Prepaid is that you don’t have to commit to a full 4-year Florida university plan.
There are actually five Florida Prepaid plans available, with the 1-Year University plan being the most affordable, starting at just $47 month.
Florida Prepaid 1-Year University Plan
What is the Florida Prepaid 1-Year University Plan?
The Florida Prepaid 1-Year University plan is the most flexible, allowing you or other family members to buy one year of State University at a time, as your budget allows, up to four years. The plan covers 30 State University credit hours.
Why the 1-Year University Plan may be the best option for your family
The beauty of the Florida Prepaid 1-Year University plan is that you can secure one year of college tuition and most fees at a time. If you have parents, grandparents or other family members who are interested in contributing to your child’s future education, it’s possible to have more than one Florida Prepaid 1-Year University Plan.
Ultimately, four 1-year University Plans could be secured by multiple parties with your child as a benefactor— gifting your child with a full 4 years at a Florida University!
Another scenario is to enroll your child in a 1-Year University plan now, and in the future pay off the balance and enroll in an additional 1-Year University plan at a later time (subject to open enrollment)— securing two years at a Florida University. This is just one of the many ways that you can work a Florida Prepaid plan into almost any budget.
Remember, when you enroll in a Florida Prepaid College Savings Plan there aren’t any risks and the money you put in is 100% secure and guaranteed by the state of Florida.
I recently wrote about some Florida Prepaid myths as well as the facts, to help you make an informed decision about Florida Prepaid and saving for your child's future education. The post goes over common questions like what happens if your child gets a scholarship or chooses not to attend college.
If you're thinking about enrolling your child in a Florida Prepaid College Plan, I encourage you to check out the plans and pricing and see what option works with your budget. Florida Prepaid has a calculator that displays plans and prices based on your child's birth year. It's never too late to start saving!