This post is sponsored by Florida Prepaid. All opinions are my own.
When it comes to saving for your child’s future it helps to have a plan. Since life happens and financial burdens can make it hard to feel financially secure when it comes to your child’s college fund, Florida Prepaid is a wonderful place to start. Having been a recipient of a Florida Prepaid College Plan, I can attest to what an amazing gift it was to receive from my parents. It not only allowed me to move forward toward my future but to do it without the large financial burden of student loans.
One of the options Florida Prepaid offers is their Florida 529 Savings Plan. This plan can complement a Florida Prepaid Plan and provide a tax benefit on other college costs. With the different programs they offer to help parents start saving for their children’s future, Florida Prepaid is dedicated to making sure every Florida baby has a chance for success!
What is a Florida 529 Savings Plan?
The Florida 529 Savings Plan offered by Florida Prepaid, is a flexible and affordable way to start saving for your child’s future. The Florida 529 Savings Plan can be started at any time and only requires a $25 initial deposit to open. Even if you can’t save for your child’s entire college education, starting something is always better than doing nothing.
Money from a 529 plan can be used for tuition, fees, books, supplies and equipment required for study at any accredited college, university or vocational school in the United States and at some foreign universities. The money can also be used for room and board, as long as the fund beneficiary is at least a half-time student. Off-campus housing costs are covered up to the allowance for room and board that the college includes in its cost of attendance for federal financial-aid purposes.
Please note that qualified education expenses do not include student loans and student loan interest. There is legislation currently going through Congress that will expand the qualified expenses.
How does a Florida 529 Savings Plan help parents?
The funds in a Florida 529 Savings Plan can be used for any qualified higher educational expense, including tuition, room & board, textbooks, graduate school and much more. This gives you great flexibility to use the funds as you see fit, for whatever your child may need. Plus, should those needs change during his/her college years, individuals are free to adjust as well.
Simply choose from the investment options, then contribute as much and as often as you’d like to suit your budget and goals. There are 11 investment options that let you invest in any way you feel comfortable. From more aggressive to more conservative options, and with age-based and fully customized approaches, you have as much control as you want over how much you invest and where it’s invested. And as the years go by, you’re free to change contribution amounts and how they are allocated at any time.
Enter to win!
Right now, when you register for a Florida 529 Savings Plan Scholarship Program, you could be one of 10 lucky winners of a $529 scholarship deposited into your Florida 529 Savings Plan account! Enter anytime between now and June 11, 2017.
Visit HERE to register and to enter daily! (You must be a Florida resident, 18 or over.)