Saving for College in Uncertain Times

These are pretty unusual times, are they not?

For many of us, our kids are underfoot as we are suddenly attempting to work from home. With students out of school for weeks and possibly longer, we’re valuing their education anew as we contemplate how to homeschool (or at least not have them spend the entire day in front of a screen).

As parents, we are measuring time in terms of the next month or the next week – maybe even just the next hour —  both because that’s how quickly things are changing and because it’s all we can manage at the moment. We get it, because so many of us are right there with you.

But it’s important – and perhaps even psychologically helpful – to also keep a long-term view. Just as we’re going to eventually move past Coronavirus, our precious children — the ones wishing for play dates and foraging in the kitchen again — are eventually going to grow up and go to college.

And if you’re watching your 401(k) investments go up and down — and lately mostly down — you may be particularly intrigued to know that Florida Prepaid College Plans are guaranteed by the state of Florida.

The value of your Prepaid Plan can be used at both public and private schools in-state and out, and Plans worked great alongside scholarships too!

You’ll never have to worry about how much college costs go up in the future — or the ups and downs of the stock market. That’s on us to manage.  We pay the actual cost of college tuition and fees covered by your Plan when your child attends college, even if it is higher than what was originally projected.  The benefit you receive from a plan will never be less than the price you pay for it – you cannot lose money. That’s our guarantee.

Open Enrollment continues through May 31. If you’re ready to plan for a certain future amid an uncertain present, do it with Florida Prepaid.

Have questions? We’ve got answers! Explore our Frequently Asked Questions to learn more about our Prepaid Plans and Savings Plan. And click here to start your savings now!

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