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How is the price of a Prepaid Plan contract established?

April 26, 2017contract Plan prepaid price

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How is the price of a Prepaid Plan contract established?

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The Florida Prepaid College Board approves the price structure for the various contract plans and payment options on an annual basis. The Board’s decision is based on an actuarial analysis of the funds necessary to yield sufficient interest to meet the projected future cost of state university or community college fees.