TALLAHASSEE, Fla. (AP) - The Board of Governors has unanimously
approved an agreement designed to protect the future financial
stability of Florida's public universities and the state's prepaid
The vote Thursday is a response to expected increases in tuition
at the 11 universities, now among the nation's lowest.
Five schools recently won authority to exceed base tuition set
by the state. Legislation is pending to give that power to all of
The agreement guarantees that for contracts sold from July 1,
2007 until final approval by the Legislature the prepaid program
will increase payments to the universities by at least 6 percent
but no more than 6.5 percent every year, even if tuition go up more
- or less - than those levels.