Get the free florida prepaid college cancellation form
Get, Create, Make and Sign
Editing florida prepaid college cancellation form online
How to fill out florida prepaid college cancellation
How to fill out florida prepaid plan form?
Who needs florida prepaid plan form?
Video instructions and help with filling out and completing florida prepaid college cancellation form
Instructions and Help about florida prepaid college cancellation form
Today we're gonna talk about college savings plans specifically the Florida prepaid I want to look at some math and answer some questions whether it makes sense and some other things to consider so hopefully by the end you'll have a better understanding of whether you actually want to use the Florida prepaid for your son or daughter if this is your first time, or you haven't subscribed be sure to click on the subscribe button at the bottom it's got the little bell there my name is Travis Sickle CERTIFIED FINANCIAL PLANNER with Sickle Hunter Financial Advisors First let's talk about what the Florida prepaid college savings plan is it's basically set up, so you have a certain amount of premiums over a set amount of time that you're going to fund the plan and this plan is going to have a guaranteed on the end of it so the way that they calculate the Florida prepaid starts with a cent premium that premium today as of the last enrollment was a hundred ninety-one dollars and seventy-six cents now that is for the four-year university plan that is the plan that covers room and board and tuition full for the full four years you'd pay two hundred and eleven months that comes out to forty thousand four hundred and sixty-one dollars that you've contributed into the plan so that twenty-three thousand eight hundred eighty-one dollars if we inflate that out by six percent that's roughly sixty-eight thousand four hundred and six dollars, so we can assume that that's what tuition will be now inflation might be seven percent it might be five percent specifically for schools which that is what it's historically increased at now some people some analysts will argue some financial advisors will argue that schools will inflate more than six percent or less than six percent the point here is that the Florida prepaid is betting on only a Florida school and that the inflation rate will be pegged a higher rate than what you can get in the market or elsewhere now why do I say betting on a Florida school because the value is really if they go to a Florida school well you can still take those dollars and apply it to an outside school it doesn't matter what that school price is if it went up significantly higher than a Florida school they're not going to adjust it for anything except the average Florida school, so that number today again is twenty-three thousand eight hundred eighty-one dollars that's the benefit that you can apply somewhere else so looking at today's numbers if you were to take that twenty-three thousand eight hundred eighty-one dollars and go to an out-of-state school then you can look at all the pricing online it's pretty readily available I looked at the University of North Carolina because that's where I went, so today it's just over fifty thousand dollars so the amount that you'd be able to apply would only cover half the tuition room and board and books and everything else that's involved it would only cover half of it when you're looking at the...
Fill florida prepaid voluntary cancellation : Try Risk Free
For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
Fill out your florida prepaid college cancellation online with pdfFiller!
pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.