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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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