More than just the sun in Florida

floydpink · 01-19-2010, 06:56 PM

I put my daughter on the Florida prepaid plan shortly after she turned 3.

I have about $115 taken out monthly from my checking account and it covers tuition as well as books and dorm if I am not mistaken.

The earlier the age, the cheaper the price.

I'll be in my 60's when she's ready to go and don't want to worry about tuition at that point. I figure I'll have other stuff to worry about like guys in NBA jerseys and "pants on the floor looking like a fool" knocking on my door asking to take her out. For that, I invested in a shotgun and a shovel.

It's a great program, but I was recently reading it is due to almost triple in cost, which obviously won't affect you if you are already in the plan. What it WILL do, is considerably reduce the number of people who can afford to do it as $400 a month starts to become something you notice going out of your checking account.

I looked it over VERY carefully and figured I'd find something that made it too good to be true, but it is actually fool proof, as you mentioned with the refund if unused, etc.

The only chance of you losing your money is if Florida becomes insolvent, which will happen to California much quicker.

In any event, I salute you for this most excellent plan for tommorow's leaders.

01-19-2010, 06:56 PM	#12
floydpink crazy diamond Join Date: Oct 2008 First Name: Pete Location: Orlando Posts: 1,955 Trading: (17)	Re: More than just the sun in Florida I put my daughter on the Florida prepaid plan shortly after she turned 3. I have about $115 taken out monthly from my checking account and it covers tuition as well as books and dorm if I am not mistaken. The earlier the age, the cheaper the price. I'll be in my 60's when she's ready to go and don't want to worry about tuition at that point. I figure I'll have other stuff to worry about like guys in NBA jerseys and "pants on the floor looking like a fool" knocking on my door asking to take her out. For that, I invested in a shotgun and a shovel. It's a great program, but I was recently reading it is due to almost triple in cost, which obviously won't affect you if you are already in the plan. What it WILL do, is considerably reduce the number of people who can afford to do it as $400 a month starts to become something you notice going out of your checking account. I looked it over VERY carefully and figured I'd find something that made it too good to be true, but it is actually fool proof, as you mentioned with the refund if unused, etc. The only chance of you losing your money is if Florida becomes insolvent, which will happen to California much quicker. In any event, I salute you for this most excellent plan for tommorow's leaders. __________________ "If we weren't all crazy we would go insane" Last edited by floydpink; 01-19-2010 at 07:01 PM.