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DreaWeiss(Edison):Prepaid tuition agreement
Florida board takes up prepaid tuition agreement
By The Associated Press
Story Created: Feb 26, 2009 at 11:57 AM EST
Story Updated: Feb 26, 2009 at 11:57 AM EST
TALLAHASSEE, Fla. (AP) - The Board of Governors has unanimously approved an agreement designed to protect the future financial stability of Florida’s public universities and the state’s prepaid tuition program.
The vote Thursday is a response to expected increases in tuition at the 11 universities, now among the nation’s lowest.
Five schools recently won authority to exceed base tuition set by the state. Legislation is pending to give that power to all of them.
The agreement guarantees that for contracts sold from July 1, 2007 until final approval by the Legislature the prepaid program will increase payments to the universities by at least 6 percent but no more than 6.5 percent every year, even if tuition go up more - or less - than those levels.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
1. March 2009 at 02:34
Pre-paid tuition is still a good idea and a viable option for investing in your children’s post high school education. I wish that it was available to my parents. Perhaps I would have gone to college at the age of 18 instead of 50.