This post is sponsored by the Florida Prepaid College Board, through my role as a Believer Blogger. All thoughts are my own.
I am so pleased to partner with Florida Prepaid for the 2020 Open Enrollment period!
This is my 6th year as part of Florida Prepaid’s blog team, but as I’ve shared over the years, my relationship with Florida Prepaid actually spans over 3 decades! When I was in middle school in the 1980s, my parents purchased a Florida Prepaid College Savings Plan for me; I used this plan in the 1990s to cover the cost of my tuition at the University of Florida. And in the 2000s, my husband and I purchased College Savings Plans for both of our newborn daughters.
I’m in the unique position of being both a customer and a beneficiary of a Florida Prepaid College Savings Plan. That doesn’t make me an expert, but I do hope it adds some weight to my testimonial. This is a program that I use, believe in, and promote – not just here on the blog, and not just during Open Enrollment – but all year, to real life friends and family.
Open Enrollment 2020
The Open Enrollment period for 2020 is here! And believe it or not, this year’s plans are being offered at the lowest prices in five years. From now through April 30, Florida families can start saving for college for as little as $44 a month for a newborn.
Just to put that in to perspective for you, my family of four spent about $40 last Friday on dinner at a fast casual restaurant – with a coupon! I know every family is unique and that $44 means different things to different people. But just think about it – if you have the disposable income for dining out, that same money could just as easily go toward a longer term objective.
Refunds for Current Plan Holders
In case you missed the big news, last month Florida governor Ron DeSantis announced that the Florida Prepaid College Board has lowered plan prices by a total of $1.3 billion. In addition to creating lower priced plans for new customers during the current Open Enrollment period, this price reduction impacted 224,000 current plan holders. Many of those accounts ended up being paid in full after the new plan prices were applied. I learned today that I’m one of those lucky customers!
In fact, the plan that we purchased in 2009 is now paid in full! (Our other plan was purchased in 2006.) Even better – I’m owed a refund of about $816. If you purchased your plan since 2008, you may have a refund waiting for you too. You can find out by logging on to your online Florida Prepaid account (or by creating one, if you don’t have one – it’s super easy). Under the “plan details’ tab, you can view your account details. If you have a refund coming your way, you’ll see a big red button labeled “overpayment refund.”
(above image from my own Florida Prepaid account)
With my plan now paid in full, my monthly payment to Florida Prepaid (about $150) has been reduced by more than half.
Spread the word – now is truly the best time in recent years to enroll in a Florida Prepaid College Plan. Remember, a prepaid plan locks in your student’s future college tuition at today’s prices! College tuition costs may rise again, but yours won’t.
From now until February 29, Florida Prepaid will waive your $50 application when you use the promo code RUNSIT20.
If you have any questions about my experience as a Florida prepaid student AND parent, I’m happy to answer – just leave your question in the comments!