This is a sponsored post.
Did you know? May 29 was National 529 day and Florida Prepaid is trying to increase awareness about college savings and the Florida 529 Savings Plan. In celebration of 529 Day, Florida Prepaid is giving 10 Florida families $529 in a Florida 529 Savings Plan!
How Far Does $529 Go?
When I was in college, $529 went a long way.
That was a few books for a semester.
Rent. $529 is also almost half of my dorm cost!
A few months of groceries. Like, seriously. I ate on a budget in college!
The Florida 529 Savings Plan can be started at any time and only requires a $25 initial deposit to open. Even if you can’t save for your child’s entire college education, starting something is always better than doing nothing. The funds in a Florida 529 Savings Plan can be used for any qualified higher educational expense, including tuition, room & board, textbooks, graduate school and much more. This gives you an extreme flexibility to use the funds as you see fit, for whatever your child may need. And should those needs change during his/her college years, individuals are free to adjust as well.
Money from a 529 plan can be used for tuition, fees, books, supplies and equipment required for study at any accredited college, university or vocational school in the United States and at some foreign universities. The money can also be used for room and board, as long as the fund beneficiary is at least a half-time student. Off-campus housing costs are covered up to the allowance for room and board that the college includes in its cost of attendance for federal financial-aid purposes. Qualified education expenses do not include student loans and student loan interest. There is legislation currently going through Congress that will expand the qualified expenses.
What: The Florida 529 Savings Plan Scholarship Program and you could be one of 10 lucky winners of a $529 scholarship deposited into a Florida 529 Savings Plan account.
When: Enter anytime between May 15 and June 11
How: Visit florida529savingsplanscholarship.com daily (You must be a Florida resident, 18 or over.)
Enter to win! What would you do with the $529 if you won?!
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