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Cost of Florida prepaid tuition plan to drop

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Cost of Florida prepaid tuition plan to drop
Article from MyFoxOrlando.com:

TALLAHASSEE, Fla. (AP) – Florida’s prepaid tuition plan is going to get cheaper.

Gov. Rick Scott on Monday signed into a law a bill that restricts state universities from being able to raise tuition above the rate set each year by legislators.

The prepaid tuition plan allows parents to lock in the current cost of college. Roughly 100,000 students are attending college on the plans.

The Florida College Prepaid Tuition Board says the new law will bring down the cost of purchasing a four-year university contract for newborns by nearly $ 20,000 from its current price of $ 54,000. Monthly payments for the same plan are expected to drop at least $ 100.

The annual open enrollment period starts in October.

The board also anticipates that approximately 50,000 existing prepaid plans will see refunds or payment reductions.

…………………continues on MyFoxOrlando.com
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Related News:

Gov. Rick Scott visits 4Rivers Smokehouse in Orlando on his College …
Article from Central Florida Future:

Gov. Rick Scott speaks at 4Rivers Smokehouse in Orlando
as a part of his College Affordability Tour.

Bernard Wilchusky / Central Florida Future

Gov. Rick Scott arrived at 4Rivers Smokehouse today as part of his College Affordability Tour, aimed at promoting his role in tuition-reform legislation.

Scott spoke mainly on his role in passing legislation that eliminated the tuition differential, a tuition increase requested by each college above and beyond the tuition increase mandated and set by the state legislature.

The tuition differential was a significant component of the 15 percent tuition increases enacted by Florida public universities in the past five years. Scott attributed the rise in costs to his opponent, former governor Charlie Crist.

“Every year [Charlie Crist] was governor, he raised tuition,” Scott said. “He passed legislation that said tuition would go up 15 percent each year.”

Scott also spoke on reductions…………………continues on Central Florida Future
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