The Prepaid College Fund is a private investment fund for parents to pre-pay the college funds at State higher learning institutions (several states have this same type of fund and are transferable between participating states). Apparently some legislators, faced with the financial crisis in Florida have been looking at all the funds in the State arena, and considering how they can "borrow"...I call it "stealing"...to address the State's budget deficit. This fund is made up in its entirety of private dollars. The fund is about 8.8B in assets, but there is also $468M in cash reserves...this is what our "fearless" leaders have contemplated raiding. If you want to read what is in the news please visit these sites
www.orlandosentinel.com/news/local/orl-loc-thomas... and
www.miamiherald.com/news/southflorida/v-print/sto... . IF YOU HAVE MONEY IN THIS TYPE OF FUND, LIKE WE DO,...KEEP AN EYE ON IT AND SPEAK UP...COMMUNICATE WITH THE FUNDS, WITH THE LEGISLATORS AND WITH THE GOVERNORS
Alina