Make us your home page
Instagram

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

State bumps up costs for Florida Prepaid College Plan

The Florida Prepaid College Plans announced new price points for its four investment programs on Thursday, in preparation for the new enrollment period that begins Monday and runs through Jan. 31.

A family would pay $331.59 monthly for a newborn entering the program for a four-year university plan. That's up from $297.90 monthly a year ago.

The three other plans — two years of university plus two years of college, four years of college and two years of college — would see similar rises. A one-time lump sum payment would be slightly less, because it does not include 4.09 percent interest applied to the monthly payments.

Program executive director Kevin Thompson said the higher prices are "primarily the result of anticipated increases in tuition costs." He noted that tuition has doubled in the past decade, and that by the time today's newborn reaches university, Florida tuition and fees are projected to approach $140,000.

Participating in the prepaid program allows parents the opportunity to lock in their costs at much lower rates with the security that the investment is guaranteed by the state, Thompson said. Families seeking a lower monthly cost also can invest in the state's 529 college savings plan, he added. If students choose to attend university out of state, the plan value is transferable. For details visit myfloridaprepaid.com.

State bumps up costs for Florida Prepaid College Plan 10/11/12 [Last modified: Thursday, October 11, 2012 9:45pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Scaramucci publicly airs grievances at White House

    Politics

    WASHINGTON — President Donald Trump's new communications director exploded the smoldering tensions at the White House into a full-fledged conflagration Thursday, angrily daring Trump's chief of staff to deny he's a "leaker" and exposing West Wing backstabbing in language more suitable to a mobster movie than a …

    Chief of staff Reince Priebus was called a “paranoid schizo?phrenic.”
  2. Crist votes for measure that includes money for Trump's wall

    Blogs

    WASHINGTON – Rep. Charlie Crist was for it and against it.

  3. Tampa man arrested in fatal motel shooting

    Crime

    TAMPA — A Tampa man was arrested on a manslaughter charge Thursday in the death of Yasmine L. Tyson on Monday night.

    Christopher Lee Carithers, 37, of Tampa
  4. St. Pete's Downtown Looper expands service with $900,000 grant

    Transportation

    ST. PETERSBURG ­— The Downtown Looper will expand its route and its hours starting in October 2018 thanks to a $900,000 grant from the Florida Department of Transportation.

    A $900,000 DOT grant will finance two more trolleys, a longer route and longer service hours.
  5. Latest sewage crisis fallout: Higher utility bills in St. Pete

    Local Government

    ST. PETERSBURG — For months the cost of the city's sewage crisis has been measured in terms of environmental damage, legal ramifications and political repercussions.

    Now residents are about to get the bill.

    Signs at North Shore Park in St. Petersburg warn people in September 2016 to stay out of the water due to contamination from partially treated sewage during the height of the city's sewage crisis. Now the City Council is considering how much to raise utility rates to pay the $326 million bill to fix St. Petersburg's sewage system. [LARA CERRI   |   Times]