Home Encyclopedia Standards of Excellence Reauthorization LearnStudentAid.org Parents & Students
 
NASFAA
1101 Connecticut Avenue, NW, Suite 1100
Washington, DC 20036-4303

Phone: 202-785-0453
Fax: 202-785-1487
Web@NASFAA.org

Financial Aid in the News

Florida: Parents Reeling from Spike in Prepaid College Plan (St. Petersburg Times)

"The prepaid plan for a tuition rate charged by universities -- one that is expected to rise year after year -- shot from a lump-sum payment of $4,614 for a newborn infant last year to $19,776 this year. And that's on top of the state's base tuition, which is also going up," the St. Petersburg Times reports. "These increases come as the average cost of a college education races far ahead of inflation. Nationwide, in-state tuition and fees at four-year public universities now average $7,020, an increase of 6.5 percent over last year, according to the College Board. 'It's getting near a breaking point,' said James A. Boyle, president of the nonprofit College Parents of America. 'Schools really see no reason to lower their prices or keep their prices steady because they see this line-up of people who want what they're selling -- a college degree.' This year's enrollment period for the Florida prepaid program started Oct. 19 and will continue through Jan. 31."

You can read the complete Oct. 27, 2009 St. Petersburg Times article on-line.

Posting of "Financial Aid in the News" does not imply endorsement or support by NASFAA. If you attempt to access an article and receive a "not found" message, it is likely that the article has been removed from the site. Posted 10/28/09 to www.NASFAA.org. Please submit Web site questions or comments to Web@NASFAA.org.