Florida Prepaid College Board Hails Signing of In-State Tuition Bill

The Florida Prepaid College Board praised Gov. Rick Scott and the Florida Legislature for the passage and signing of HB 851, which would allow children of undocumented immigrants to pay the same tuition rates as Florida residents.

On behalf of the Florida Prepaid College Board, Id like to thank Gov. Scott and the Legislature for their work to keep the future cost of college lower, said board chairman, Duane Ottenstroer. Because of this law, the prices of university prepaid plans will be significantly reduced, helping more Florida families save for their childrens higher education.

According to a press release, the lump sum price of the four-year Florida University plan for a newborn is anticipated to drop nearly $20,000 from its current price of $54,000 to $35,000 or less due to the law's passing. Monthly payments for the same plan are expected to drop at least $100, from $350 to $250 or less.

We are very excited for how this law will benefit our current and future customers. Going on 26 years of selling prepaid plans, we are the largest and longest running prepaid program in the nation, said board executive director, Kevin Thompson. With this legislation, we can look forward to continuing our successful legacy for many years to come.