This is a sponsored post on behalf of Bloggin’ Mamas & the Florida Prepaid College Board. All opinions expressed are my own. #StartingIsBelieving
As we welcome a new year and start making resolutions it’s the perfect opportunity to start making financial resolutions that will help you get closer to your money goals. For parents saving for their child’s college is usually one of those financial goals and if you haven’t started yet this is a great time to start or to increase the amount you are saving for your child’s college!
Student loan debt has reached $1 trillion of debt among Americans and I want to make sure that my kids don’t have to start their lives with the weight of a hefty student debt on their shoulders. That is why I am doing everything I can to save for their college now, while they are still young.
Saving for college doesn’t have to be an overwhelming task. Here are some tips for making things easier and also for lowering the cost of college!
Make saving for college easier by enrolling on Florida Prepaid College. At a time when so much in the world is uncertain, saving for college through Florida Prepaid College Plans is guaranteed and secure. It is certain – a way to ensure a child’s financial security. Florida Prepaid College Plans allow you to prepay the future cost of college at today’s plan prices. When it comes time for college, Florida Prepaid pays the actual price of costs covered by the plan. That means you don’t have to worry about how much costs go up in the future. Florida Prepaid has a variety of different plans from a 1-Year Florida University Plan and 2 -Year College Plan to a 4-Year Florida University Plan. There is a Prepaid Plan for any budget and every need. You can learn more on the Florida Prepaid website HERE. Remember that open enrollment ends on February 28th, 2018 so act fast as Open Enrollment is the only time of the year families can purchase a Florida Prepaid College Plan, so enroll now! To save $25 off the application fee (normally $50) use code Grow1718.
Start early. It can be much easier to save for college if you start early and set up a regular contribution schedule. When I talk to parents of older kids about saving for college many of them have mentioned that their greatest regret was not starting to save for college earlier. Additionally, when you save for college with Florida Prepaid you are also avoiding rising college costs and ensuring that your kids don’t have to get into debt to pay for their education. Did you know that the cost of college has increased 538% since 1985? That is more than twice as fast as medical costs (286%) or gasoline (200%).
Help your child figure out what he wants to study. It takes many college students 5 or 6 years to graduate because they keep changing their major. Even if your child is young encourage him to follow their interests and provide opportunities for them to discover new passions. Helping your child find out what he wants to do in life will increase the possibilities of him finding the right major and career path early on, saving college costs by ensuring a four-year college plan doesn’t become a 5 or 6 year one!
Don’t rely solely on grants and scholarships. Many of us, me included, have great expectations for our kids and hope that they will ear a scholarship but competition for scholarships is fierce. When it is time for college, applying for need-based, merit-based and other grants and scholarships is a great idea but make sure that you are saving now to help with your child’s college. It’s important to have savings to fall back on and Florida Prepaid is a great way to save for college!
It’s easier to make your child’s dreams of attending college a reality when you have a plan and you include college savings into your budget and with Florida Prepaid College Plans this is easy to do. Remember that open enrollment ends on February 28th, 2018 so act fast as Open Enrollment is the only time of the year families can purchase a Florida Prepaid College Plan, so enroll now! To save $25 off the application fee (normally $50) use code Grow1718.