Florida Prepaid College Prices Cut in Half!
Revised from Sept. 4, 2014 Article by Jeffrey S.Solochek
Florida families seeking to prepay their children’s in-state college costs see the costs reduced dramatically for this enrollment window that began this October. The Prepaid College Board cut its rates in half, returning the price to 2007 !
The Florida Prepaid College Board additionally authorized refunds of $200 million to families that paid a tuition differential in their plans purchased since 2008.
“The lower prices approved today mark a major milestone in the history of Florida Prepaid, and more importantly, a milestone in the path of opportunity for Florida students and their families,” Board Chairman Duane Ottenstroer said in a release.
Newly approved rates include a 4-Year Florida University Plan without any change in Plan coverage for as low as $173 a month, or a 2 + 2 Florida Plan for as low as $136 a month.
The board will also offer a new 1-Year Florida University Plan which lets families purchase up to four years at a state university in one-year increments. That plan starts as low as $43 per month.
“Reducing Florida Prepaid rates by undoing the previous administration’s tuition hikes was a critical step toward our goal of keeping college affordable,” Scott said in a release. “As I travel throughout our state, parents tell me they want to be able to save for their child’s future and this is another way we’re making higher education more affordable for Florida families. Every child should have the opportunity to earn a degree at an affordable price so they can live their dream.” said Rick Scott.