Slot Machines Pay for College

There are many ways to pay for a college education. Some people are lucky enough to have parents who are wealthy enough to pay for all of their schooling – college, grad school, etc. Some people start working when they are young and save every penny they have so that they can afford to go to college. Still others take out student loans and grants to pay for it; and still others get scholarships for good grades or athletic ability.

However, even with all of these solutions, some people still cannot afford to go to college. Perhaps they know that with the career they have chosen they will never be able to pay off their college loans – perhaps their parents have the money but won’t pay for them, thus making them ineligible for loans and unable to afford it on their own.

Well, for those of you that wanted to go to college but couldn’t, you can still send your own kids and break that cycle. You might think that you cannot afford college – but there is a program called the Florida Prepaid Scholarship Program, where parents pay into a fund for 20 years and lock in today’s rates for their children to be able to attend any public university in the state.

The fund pays for all eligible expenses like tuition, room and board and student fees, and even if you child ends up not starting for another 20 or so years, they will still pay today’s rates. But the best part is that slot machines are going to fund it for those who can’t. There is a new bill that will dedicate slot machine taxes to this fund to pay for financially needy students to go to college. Senator Steven Wise said that getting the slot machines to pay for it is a way to keep the fund going, as the slot machines will be generating income for the state forever.
 

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