Ted Facilitates Changes in Florida Prepaid College Program

 Boca Raton, Fl- A child’s prepaid college plan is now better protected against parental abuse thanks to the efforts of State Senator Ted Deutch(D-Boca Raton).

  The Senator demanded that the Florida Prepaid College Program revise a rule allowing only one person to be designated the purchaser of a Prepaid Plan.  The new rule now allows a co-purchaser to have greater rights regarding the use, termination and refund of any benefits.

“The change allows parents and guardians to ensure that a child’s education funding will be properly protected, no matter the status of the parental relationship,” said Senator Deutch.

Senator Deutch began working on the rule change after he was approached by a constituent whose husband had cashed in her child’s Prepaid Plan after divorce proceedings.  The new rule requires the co-purchasers to provide written consent for any changes to a plan, ensuring this will not happen to others.

The new rule took effect on February 1, 2009.  Anyone who purchased a plan prior to that date may send a written request to the Prepaid College Plan Board requesting new benefits.