Senate passes bill to reduce Florida prepaid tuition costs
Article from Sunshine State News:
In the effort to lower costs for students in the Florida Prepaid College Program, the Senate unanimously approved SB 732 on Tuesday, a bill which revamps the formula that determines how much families pay.
At the start of the 2014 session, both Senate President Don Gaetz and House Speaker Will Weatherford made reducing costs in the Prepaid College Program a top legislative priority.
In 2009, a series of program changes resulted in higher costs, and the bill helps roll back those increases.
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Outside-the-Box Financial Strategies to Pay for College
Article from Investopedia:
Sending children to college is now regarded as a middle-class birthright and the working class’s ticket to better things. No wonder, for college graduates can expect to earn an average of 65% more over a 40-year career than if they’d stopped after high school.
But with college costs rising faster than incomes, how can families hope to make it happen? In 2001, the average college-tuition bill came in at just under a quarter of median family income – a big bite. By 2010, it was nearly 40%, a much bigger bite. One rule of thumb says the rate of tuition inflation is about 8% a year, which means the cost of college actually doubles every nine years.
College for your kids may turn out to cost more than buying your home or business, so it’s important to focus on how, exactly how, you can maximize the mo…………………continues on Investopedia
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