Tuition Hike May Jeopardize Florida Program

A popular Florida program designed to make it affordable for families to pay for college could be in jeopardy because the state is pushing for tuition increases for Florida's universities.

The Board of Education has proposed tuition hikes of up to 12.5 percent for the state's 11 public colleges and universities. But, school officials said a large increase could bankrupt the Florida Pre-paid College Tuition plan.

The plan allows parents of any income to pay current tuition rates, regardless of when their child is scheduled to begin college. More than 737, 000 families have enrolled in the program during the past 15 years.