This is a tale of two students. Douglas Futch will graduate debt free.
“Yea my parents were in a position to take the Florida Prepaid, I'm very fortunate and I don't think I'll be in any debt," said Futch.
But Karla Jiminez expects to own 30,000 by the time she finishes grad school.
"20 grand for undergrad, and more for grad school. Yea, it's not fun," said Karla Jiminez.
One in ten Florida Children currently have prepaid college plans. Prepaid has been averaging about 40,000 plan sales a year, but rising costs have cut that number in half, that worries the plans founder.
"We've got to take care of the low and moderate income families, they represent the biggest population in this state," said Stanley Tate.
At its beginning Prepaid was costing a newborn's parents $15 a month.
The cost of a prepaid plan is $51,000 for a new born. That's up a whopping $10,000 in just three years.
Governor Rick Scott, who has vetoed tuition increases in the past, says the plans are now out of reach for many parents.
"Very few families are going to be able to afford this," said Governor Scott.
The answers, say advocates, is for lawmakers to put more cash into universities instead of raising tuition.
"The low income families can't afford their kids to go to college, that's the end of the story of a higher education for the state of Florida," said Tate.
This past fall, 105,000 students who either entered a college or university entered with a pre paid scholarship.
The Pre-Paid Plan itself is not in danger. It currently has ten billion in assets and is funded at more than 100% of its liabilities.