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From the staff of the Tampa Bay Times

House higher ed budget chairwoman: Keep Florida Prepaid College open

18

March

Rep. Marlene O'Toole, who oversees the House's higher education spending plans, said she's opposed to her Senate counterpart's proposal to cut off enrollment in the Florida Prepaid College program.

"I'm a Florida Prepaid supporter," she said. "I'm not in agreement with closing" the program.

Florida Prepaid lets parents lock in present-day tuition and fees for their future students.  The state provides a full guarantee of the tuition contracts. As of last year, the program had about $10 billion in assets and $9.5 billion in liabilities.

O'Toole said she hadn't had a chance to talk to Sen. Evelyn Lynn, chairwoman of the higher education budget subcommittee, about Lynn's proposal released Thursday. But she said she was surprised by the news and didn't understand the reasoning.

"I believe they're financially sound," she said of the program.

[Last modified: Friday, March 18, 2011 12:50pm]

    

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