Tallahassee, FL - Two year old Emma Conley doesn’t have a care in the world, and her parents want to make sure she keeps that carefree attitude when it comes to the price of college.
The Conley’s enrolled two of their kids in Florida Prepaid College Plans this year, locking in the price of tuition at today’s rate.
“We’ve already talked to them about college right now and they know it and they already know that’s the expectation. And I think setting that expectation and setting that commitment to them even though they’re very young is really, really important,” said Jill Conley.
Open enrollment in the investment plans began in October. It ends Monday. Eighty-five percent sign up online.
The online signup option on Florida Prepaid’s website will be turned off at midnight Monday, but people who need more time can request an enrollment kit before the deadline.
Prepaid employees are expecting a surge in last minute investors even though the cost of some of the prepaid plans has skyrocket to almost 43-thousand dollars.
Susan James, a spokeswoman with Florida Prepaid, says the bigger price tag means bigger savings.
“They do rise every year, so the earlier you lock in for your child the more benefit of time you have to really have the value in your plan,” said James.
James sights uncertainty in tuition prices as another reason to invest.
In 2008, the state legislature gave public universities the authority to raise tuition up to 15 percent a year.
For Emma’s family, the fear of rising tuition costs has been replace with jubilation over the money they’ll save. To enroll or to request an enrollment kit, visit www.myfloridaprepaid.com. The office will also be open Monday for people to call. That number is 800-552-GRAD (4723).
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