Senate's higher ed chairwoman downplays proposed suspension of Florida Prepaid
Sen. Evelyn Lynn said she had wanted only to give the state some “breathing room” when she pitched a controversial proposal last week to close the Florida Prepaid College program to new participants.
Last week, Lynn, the Ormond Beach Republican who heads up the higher education appropriations committee, called for suspending sales of new contracts in the program. She did not say for how long but said she was worried about the state’s guarantee of the contracts and called it a “huge liability.”
On Monday, she added the word “temporarily” to her draft proposal and gushed over the program’s success.
She also released a four-paragraph statement that said she had pitched the idea “to allow the fiscal situation to stabilize and help purchasers be aware of what their current contracts cover and what additional investment products they might need to add to cover the increasing costs of higher education.”
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