Kids can’t outgrow it. It won’t wear out. It can’t get lost or broken. And, it doesn’t require batteries.
A Florida College Investment Plan* is the perfect holiday gift for a child or grandchild.
As parents and grandparents consider what presents to buy children this holiday season, the Florida Prepaid College Board encourages families to put college savings on their gift list.
According to “Try Christmas Saving, Not Christmas Shopping,” a recent Wall Street Journal feature, the annual spike in spending around the holidays is about $65 billion nationwide, or roughly $600 per household. But the real cost is even higher, because the true value of money is what you would have if you had saved it. If a family saves that $600 every year instead of spending it on gifts, after ten years they’d probably have an extra $7,700. After 35 years, it would add up to $51,000.
Wall Street Journal analysts and many top financial planners suggest opening a 529-college savings plan for each of your children and letting family and friends know that contributions of any size would be terrific gifts.
“Buying toys, video games and sports equipment is fun, but it’s smart to redirect some of those dollars to what children will need for their future, a college education,” says Tom Wallace, Florida Prepaid College Board executive director. “Starting to save for college or enhancing existing college savings for your children and grandchildren may be the most meaningful gift you give this holiday season.”
Give your loved ones something they'll never outgrow - higher education. A Florida College Investment Plan is the ideal gift for the holidays and any special occasion. Once a child is enrolled in a Florida College Investment Plan, friends and family are able to easily add to help pay for a multitude of college expenses.
The Florida College Investment Plan offers a range of investment options and flexibility that can be used to pay for qualified higher education expenses such as fees, books, off-campus housing and tuition.
No need to stand in long lines at the mall, since Florida Prepaid College Plans’ online enrollment is easy. You can enroll and download a Florida College Investment Plan gift certificate for your child or grandchild online at www.myfloridaprepaid.com, or call 1-800-552-GRAD (4723) to order an Enrollment Kit in English or Spanish.