Prepaid tuition -- not what we paid for?
The pitch is simple, the allure for families understandable.
Pay for college starting when your child is in diapers or grade school, with a state-guaranteed plan that lets you lock in today's prices. Yet, two decades into Florida Prepaid, tens of millions in budget cuts to the state's 11 public universities and 28 community colleges have some families questioning their investment choice. Universities warn of faculty layoffs and enrollment cuts up to 17,000 seats in the next few years, making it harder than ever for students to get accepted and could weaken already-strained academic programs.
What good is a lock on tuition if students can't get into the school they want, or if the quality of education has declined? Read the story here.