As the first month of 2018 is coming to an end (did I really just type that out?), I’m starting to seriously focus on this year’s financial goals for our family. One of those goals is to outline our children’s college savings plans. We’re hoping to set them up with enough college savings that when combined with earned scholarships, they’ll be able to avoid student loans for a debt-free college experience. With the college savings plans options available from the Florida Prepaid Program, helping our 6th and 1st graders get on the right path to avoid student loan debt shouldn’t be too hard. And we can do that starting right now, before open enrollment ends February 28 – read on to learn more!
Avoid Student Loan Debt with Florida Prepaid College Savings Plans
Did you know that student loan debt has reached $1 trillion of debt among Americans? Unfortunately, my husband and I are both part of that $1 trillion as we each have our share of student loan debt. His is significantly larger than mine since he attended a private college and his loans paid for all of his college studies. My loans were used to pay for dormitory housing only, as I had a 100% tuition scholarship that paid for all 4 years of my college studies. The dorm was actually my choice and had I stayed at home with my parents, I would not have any student loan debt. But alas…when you’re young, you don’t make the wisest decisions and you follow your heart, so here I am many years later with a student loan payment, but no real regrets. (Be sure to look into the Florida Prepaid University Dormitory Plan add-on that would help with such costs!)
Save $25 off Florid Prepaid application fee during open enrollment with promo code Mami1718!
My husband and I definitely learned some lessons that we can pass on to our children. We can also plan our finances and advise our kids accordingly on their road to college. Something we can do right now is take advantage of the Florida Prepaid Program before open enrollment ends this February and begin saving for their college years. You can too, especially since we have a promo code for you to save $25 off the application fee during open enrollment- simply use Mami1718! The application only takes about 10-15 minutes to fill out, so starting to plan for your kids’ college savings and helping them avoid student loan debt is easy!
Do you plan to help your child(ren) avoid student loan debt with college savings plans from the Florida Prepaid program?
All photos courtesy of the Florida Prepaid Program.
Disclosure: In collaboration with the Florida Prepaid Program, I have been compensated for my time and effort in creating this post. All thoughts and opinions are my own.