SO THE DEADLINE TO ENROLL A CHILD FOR FLORIDA’S PREPAID COLLEGE PLAN HAS NOW BEEN
EXTENDED THERE’S ONE OR 2 OTHER
CHANGES TO THE EU SHOULD BE
MADE
AWARE OF SO SHANNON COLE KEOGH
JOINS US NOW WITH MORE
INFORMATION ABOUT THE CHANGES
IN THE PLANS THAT ARE ALSO
AVAILABLE GOOD MORNING, THANKS
FOR BEING
WITH US. GOOD MORNING, THANKS
FOR HAVING ME SO WHAT’S THE NEW
DEADLINE NOW AND I KNOW THAT
THERE’S TYPICALLY A FEE TO
ENROLL WHAT’S HAPPENING WITH
THAT.
>> WE HAVE EXTENDED THE
DEADLINE BY 4 WEEKS SO IT WAS
GOING TO END ON APRIL 30TH,
OPEN ENROLLMENT WILL NOW AND ON
MAY 31ST OF THIS YEAR AND WE’RE WAITING APPLICATION FEE WHICH IS NORMALLY
$50 SO PEOPLE HAVE MORE TIME
AND THEY CAN SAY THAT DOLLARS
AND YOU KNOW WE KNOW THAT SO
MANY PEOPLE RIGHT NOW ARE
STRUGGLING FINANCIALLY SOME OF
THEM MAY HAVE LOST THEIR JOB
AND ENROLLED THEIR CHILD IN
THIS PROGRAM
YEARS AGO IS THERE ANY
FLEXIBILITY THERE IN TERMS OF
THOSE PAYMENTS THERE THEY MAY
BE MAKING NOW.
YES, WE ALSO ANNOUNCED EARLIER
THIS MONTH THAT WE’RE DEFERRING
PAYMENTS FOR ALL
WE KNEW AND CURRENT CUSTOMERS
SO IF YOU’VE BEEN A CUSTOMER
WITH US. YOU DO NOT HAVE TO
PAY FOR APRIL MAY OR JUNE IT
WILL DEFER UNTIL JULY
2020 20, LIKEWISE, IF YOU WERE
TO PURCHASE A PLAN TODAY, YOUR
FIRST PAYMENT WOULD NOT BE DUE
UNTIL JULY 20TH TWENTY-TWENTY
SO IS THERE SOMETHING IF YOU’RE
CURRENTLY ENROLLED AND WOULD
LIKE TO NOT HAVE TO PAY THAT
RIGHT NOW OVER THE NEXT COUPLE
MONTHS DO YOU HAVE TO DO
SOMETHING OR CAN YOU JUST
SIMPLY STOP PAYING OR STOP THE
WITHDRAWALS FROM
YOUR ACCOUNT. SO YOU DEPENDING
ON WHAT YOUR SYSTEM IS FOR
HIGHER PAY YOU MAY JUST NEED TO
LOCK IN AND JUST MAKE SURE THAT
IT’S SUFFERING WE SET IT UP
WITH IN THOSE AUTOMATIC
PAYMENTS TO JUST
AUTOMATICALLY HOLD. THERE ARE
SOME PEOPLE THAT WANT TO KEEP
PAYING IF THAT’S THE CASE YOU
CAN GO AND JUST MAKE SURE THAT
YOU KEEP PAYING,
BUT WE TRIED TO MAKE IT AS EASY
AS POSSIBLE FOR PEOPLE TO DO
IT.
>>JENNIFER WAUGH: FOR FOR THOSE
OF OUR VIEWERS WHO MAY BE ARE
YOU KNOW PREGNANT OR OF MAYBE A
GRAND PARENTS WHO ARE EXPECTING
THEIR
FIRST GRANDCHILD CAN YOU
EXPLAIN THE BASIC PREMISE OF
FLORIDA PREPAID PLAN AND THE
BENEFITS TO IT.
>>LAUREN VERNO: SURE SO FLORIDA
PREPAID PLAN IS A PREPAID
COLLEGE PLAN. IT ALLOWS YOU TO
LOCK IN A
PRICE TODAY AND THAT GUARANTEES
THAT WHEN IT’S TIME FOR YOUR
CHILD OR GRANDCHILD NIECE
NEPHEW TO GO
TO COLLEGE THAT WE WILL COVER
TUITION. NO MATTER WHAT THE
TUITION COSTS. SO THIS YEAR OUR
PRICES ARE ACTUALLY THE LOWEST
THEY’VE BEEN IN
5 YEARS. SO EVEN THOUGH
IRONICALLY THIS IS A VERY
CHALLENGING TIME FOR FAMILIES,
YOU KNOW OUR
MESSAGE IS THIS IS A VERY LOW
PRICE TO GET IN THEY STARTED
$44 A MONTH AND SO EVEN IF YOU
CAN’T SAY FOR ANYTHING.
IT IS STILL A GREAT TIME TO
START SAVING FOR SOMETHING
BECAUSE IT DOES MAKE YOU
IN A POSITION WHERE YOU DON’T
HAVE TO WORRY ABOUT HOW MUCH
TUITION GOES UP BECAUSE
YOU’RE COVERED.
>>JENNIFER WAUGH: SO PEOPLE
MIGHT BE CONFUSED ABOUT WHAT
HAPPENS TO THEIR MONEY WHEN
THEY START PAYING
INTO THIS GIVEN THE VOLATILITY
AS AN EXAMPLE THAT WE’VE SEEN
IN THE STOCK MARKET IS THERE
ANY REASON TO BELIEVE THAT IF
YOU’RE PAYING INTO THIS THAT
SOMEHOW YOU’RE GOING TO LOSE
THE MONEY THAT YOU PUT IN
BECAUSE OF THE VOLATILITY WITH
WHAT
WERE SEEN.
>> THAT IS A GREAT FLORIDA
PREPAID PLAN IS NOT SUBJECT TO
CHANGES IN THE
STOCK MARKET. WHATEVER YOU PUT
IN YOU CAN ALWAYS GET A FULL
REFUND AND EVERYTHING THAT YOU
PUT IN IT IS NOT AN INVESTMENT PLAN WE ARE ESSENTIALLY GIVING YOUR ROAD MAP OF PAYMENTS THAT
YOU WOULD MAKE THEIR THE SAME
EVERY MONTH ONCE YOU LOCK IT IN
SO IT’S $44
A MONTH. IT’S GOING TO BE THAT
FOR THE NEXT, YOU KNOW 18 YEARS
UNTIL THEY’RE READY TO GO
TO COLLEGE. AND SO YOU DO NOT
HAVE TO WORRY ABOUT THAT SO SO
THAT’S A GREAT POINT BECAUSE
THE THE STOCK MARKET IS A BIT.
ALTHOUGH RIGHT NOW
A PREPAID PLAN GIVES YOU THE
PEACE OF MIND OF NOT HAVING TO
WORRY ABOUT ALL
THAT HILL.
>>JENNIFER WAUGH: AND WHAT
ABOUT IF YOUR CHILD DECIDES
THAT THEY WANT TO GO TO SCHOOL
NOT IN THE STATE OF FLORIDA.
WHAT HAPPENS WITH THAT MONEY.
>> SO WE ACTUALLY MAKE THESE
PLANS
VERY FLEXIBLE IF YOUR CHILD
CHOOSES TO GO OUTSIDE THE STATE
OF FLORIDA WE WOULD SIMPLY SEND
TO WHATEVER INSTITUTION THEY GO
TO PUBLIC OR PRIVATE. OUTSIDE
THE STATE. WHAT WE WOULD HAVE
SENT TO THE INSTITUTION HERE SO
FOR EXAMPLE IF A HAVE A 4 YEAR
UNIVERSITY PLAN AND THEY GO TO THE UNIVERSITY OF GEORGIA INSTEAD OF UNIVERSITY OF NORTH
FLORIDA IN JACKSONVILLE THEN WE
WOULD SEND TO GEORGIA WHAT WE
WOULD HAVE SENT TO US
AND WHAT SO YOU DON’T
YOU DON’T SCHOLARSHIPS ARE
GREAT BECAUSE WE HAVE A LOT OF
STUDENTS TO GET YOU KNOW BRIGHT
FUTURES FOR EXAMPLE, BRIGHT
FUTURES GETS PAID OUT FIRST
TYPICALLY AND AND FAMILIES AND
GETTING A CHECK EVERY SEMESTER
FOR THE PREPAID MONEY THAT
DIDN’T NEED TO GO TOWARD
TUITION. AND THEY CAN USE THAT
FOR BOOKS AND HOUSING, AND
WHATEVER OTHER EXPENSES COMES
COLLEGE WHICH WE KNOW THERE ARE
MANY THERE CERTAINLY ARE I
EXACTLY SO AND I THINK WHAT’S
IMPORTANT TO IS
IS THAT.
>>JENNIFER WAUGH: YOU CAN
ENROLL YOUR CHILD AT ANY AGE IS
AN EXAMPLE I DIDN’T ENROLL MINE
UNTIL THEY WERE A LITTLE
BIT OLDER, YOUR PAYMENT IS MORE
BUT THE REALITY IS THIS ISN’T
JUST A FEW YOU KNOW IF YOU HAVE
A
NEWBORN HOUSE.
>> YES, THAT’S RIGHT YOU KNOW
IF YOU HAVE A 2 YEAR-OLD DON’T
THINK I MISSED THE BOAT
ON ME REALLY OBVIOUSLY THE
EARLIER YOU SAVE THE LONGER THE
RUNWAY TO SAY IT INTO THE LOWER
YOUR PAYMENT PLANS WILL BE BUT
WE ENCOURAGE PEOPLE TO GO TO MY
FLORIDA PREPAID DOT COM
AND THERE’S A PRICING
CALCULATOR AND IT ALLOWS YOU TO
PUT IN THE 8TH BIRTHDAY TO
YOUR CHILD AND THEN IT WILL
TELL YOU FOR EACH OF OUR 5
PLANS EXACTLY WHAT A NEW PLAN
WOULD LOOK LIKE
SO YOU KNOW YOU CAN LOOK AT AND
SAY WOW YOU KNOW MY CHILD
IS 7 I CAN’T AFFORD TO FOR
UNIVERSITY RIGHT NOW, BUT I
CAN AFFORD THE 2 PLUS 2 RIGHT 2
YEARS OF COLLEGE
STUDENT UNIVERSITY. SO WE
ENCOURAGE YOU TO LOOK AT THAT
ESPECIALLY THIS YEAR WHEN THE
PRICES ARE SO LOW AND JUST WHAT
IS FEASIBLE