Number of Florida prepaid college plans soars
TALLAHASSEE, Fla. (AP) - Sales for Florida prepaid college plans are at the highest point they've been in several years thanks to a drastic cut in prices.
The Florida Prepaid College Board says it has sold more than 50,000 plans this year. That's more than three time the totals sales from last year.
The plans sold during this enrollment period were almost half the cost of plans sold the previous year due to a new state law that helps control future fee increases at state universities in Florida.
The board also attributed the spike in sales to a new plan that costs only $43 a month.
The annual open enrollment period began in October and ended Feb. 28.
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