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Old 01-19-2010, 03:46 PM   #1
Blueface
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Default Re: More than just the sun in Florida

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Originally Posted by pnoon View Post
I'm curious, Carlos.

What if your son/grandson move out of state before he attends college? Does that program cover his education whether he is an in-state or out-of-state student?
Peter,
There lies part of the hitch for the great price.
If he decides to go out of state, I get the money I put in to use towards that school but does not guarantee the price I am paying today.

This benefit solely works if he elects to go to a state school. It allows you to buy the education at today's price and freeze it. That is the cost of an education today for a Florida resident that attends a state school. What I have done is basically guarantee him a state college education. If he elects something different, I hope he knows how to fill out a student loan application by the time he is 18.

Just have to cross my fingers that he attends one or otherwise, he is SOL.
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Old 01-19-2010, 04:06 PM   #2
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Default Re: More than just the sun in Florida

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Peter,
There lies part of the hitch for the great price.
If he decides to go out of state, I get the money I put in to use towards that school but does not guarantee the price I am paying today.

This benefit solely works if he elects to go to a state school. It allows you to buy the education at today's price and freeze it. That is the cost of an education today for a Florida resident that attends a state school. What I have done is basically guarantee him a state college education. If he elects something different, I hope he knows how to fill out a student loan application by the time he is 18.

Just have to cross my fingers that he attends one or otherwise, he is SOL.
Sorry for the confusion, Carlos.

What I meant is if he moves to, say, Georgia but still wants to attend Florida State, is the cost still locked in? Or would you have to pay the difference?
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Old 01-19-2010, 04:13 PM   #3
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Default Re: More than just the sun in Florida

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Sorry for the confusion, Carlos.

What I meant is if he moves to, say, Georgia but still wants to attend Florida State, is the cost still locked in? Or would you have to pay the difference?
Oh...
He would still qualify due to me being the "owner" of the plan.
However, you have made me consider looking at the details to make sure nothing has changed since I bought the ones for my kids nearly 14 years ago.
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