Preparing Your Kids to Graduate Debt Free
Blog - January 15, 2018

This is a Sponsored Post for Florida Prepaid. However; all opinions are my own.

After the whirlwind of the holidays, over-consumption of gift-buying, cookie-eating, and overindulging in other holiday goodies, we said a nostalgic farewell to 2017, grateful for another year we shared with our families and friends, and eager to “do better” this year!

Many of us also said goodbye to our account balances, as in, maybe we spent too much on the kiddos, the in-laws, the teachers, the coaches, and the neighbors. I always make a list and am usually pretty good at sticking to it, but something happened this year. I went way over budget and emerged remorseful once I looked at our savings account. And then I remembered-it’s a brand new year!

A brand new year means a fresh start. I love the New Year, because I’m always super motivated and on the lookout for how I can make my families’ lives a little better.

One of the things I value more than anything is a good education. And with the uncertain times of rising college costs and student loan interest, (I know all too well what paying off student loans is like), I’m relieved that I live in Florida and can take advantage of the Florida Prepaid Program. I know the best gift I can ever give my little ones is the gift of education, and even though they’re still babies, now is the time to start planning for their future.

With Florida Prepaid they won’t have to repeat my mistakes and deal with student loans. And I’m not alone. In 2017, we skyrocketed to 1.3 trillion dollars in student loan debt.

Recently, I needed help with my student debt payment because of the hurricane. I called up and asked for a forbearance like so many people told me to. When the forbearance was up, I called back to see what to do about my gigantic monthly payment. With two screaming kids in the background and a half an hour later, the best they could do was send me paperwork to try and get it lowered. Good grief!

As I watch my little ones playing, so sweet and innocent, I realize I don’t want this for them. I can’t imagine what it must feel like to graduate debt-free, following your dreams. But I can imagine this for my kids.

I can imagine them walking across that stage with their diploma and never having to make a student loan payment. What a huge gift that is!

Open enrollment ends at the end of February, so get a move on!

Also, if you sign up now, you get $25.00 off the application fee, a great incentive, especially for us working moms.

We owe it to our children to give them the best gift of all, a bright and debt-free future.

Finally, a New Year’s resolution that we can truly feel good about.

16 Comments

  1. This is such an awesome topic to write about! More people need to start planning earlier so their children can graduate debt free. It’s never too early to start planning. Great post and great topic!

  2. So many great thoughts in here. As a college graduate with debt I sure wish I had done some things differently. Thanks so much for sharing your wisdom for future generations!

  3. If I can just get mine to start talking about it. Okay, he’s only 8 but , seriously we are poking him with the idea that college is a must…..debt free is excellent!!

  4. I couldn’t agree with this more! I have student debt from a degree I don’t even use, and the monthly payments drive me crazy, they’re such a waste! More than anything, I want my kids to go to college safe in the knowledge that they won’t still be paying for their education 30 years down the road.

  5. Wow this sounds so amazing! Every state needs this type of program. I recently applied for a year forbearance and I hope that I’ll be able to afford my payment when the time comes due, I definitely want to keep my kids from making the same financial mistakes as I did.

  6. This gives me something to think about. It is a great idea to start thinking of your kids education and saving for it really early. I do want my kids to graduate debt free.

  7. We have college funds for our girls, but I don’t think it’ll be nearly enough for them to graduate debt free. This is making me kick it into high gear before I don’t have time to accrue any interest.

  8. We certainly owe it to our children to give them debt-free future. I am certainly doing this for our girls because we have been saving and investing to pay for their college, this is what we need.

  9. I graduated college a year ago with my BA and didn’t have any loans to pay off, I got some money from my family for graduation and had a few scholarships and worked throughout college, I wouldn’t change a thing if I did it again. However, if I had kids I would want to make sure they are taken care of financially like you’re doing for your kids! I had a friend who’s mom did Florida Prepaid for my friend and it worked out tremendously because we both did dual enrollment in high school so she had all of those extra credits that she didn’t need to use for her 4 year degree that she can now use towards her Masters where I would have to pay out of pocket for my Masters.

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