Florida College Enrollment - Does 'Prepaid' Matter?

Well, if you read the newspaper this morning, a well-written article was prepared by TaMaryn Waters discussing the state of admissions with Florida's public universities. Apparently, having a 4.0 GPA is not enough. Bear in mind, I was accepted to West Point in the mid-1980's with a GPA in the low 3.'s, so I'm wondering why our state is so broken it cannot create opportunity for kids who have obviously demonstrated that they want to learn at a higher level. I have been keeping an eye on the Florida Prepaid College Plan for years, thinking that the State of Florida was truly the leader nationwide for creating a system to ensure continued education for families of all financial means. There are now, according to some reports, over 1.2 million people who have or are participating in this opportunity. With all these "kids" enrolled, where will they be attending school if even the kids with 4.0's are being rejected? If this were a simple business, I would look at the supply and demand curve and point out that demand has blown past supply and a great opportunity for the State of Florida is here! Miss Waters' article in today's Tallahassee Democrat points out that while admissions in the State universities are flat or dropping, the burden of handling these students is moving to the community colleges. She reports thatTCC enrollment is up 7% since last April. Could this spell the "end" of the four-year college, where only the best of the brightest will go to a university for four years, while most everyone else will attend a community college for two years, and then enroll in a university as a junior to complete their degree? Perhaps the greatest question is "why am I blogging about the Florida Prepaid College Plan in the Tallahassee Florida Real Estate Blog?" The answer is simple. We have well over 70,000 college students in Tallahassee and I think we are going to see quite a few more in the coming years. TCC is growing, FAMU appears to be well on its way to recovery through the great work of Dr. Ammons, and FSU is a highly desired school as well. This part of our community is a strong pillar of our local economy as well as the backbone of our real estate rental market. When enrollment at FAMU dropped 40%, it put a "big hurt" on many real estate investors in the south-side of Tallahassee. When investors get hurt, the whole market suffers, not just the investors. Homes in all prices ranges are affected, and so are local businesses as less money is available. I would love to see the Tallahassee Democrat continue this excellent article on Florida higher education admissions. I'd love to hear what the "experts" are saying about the divide between "no admission" and "prepaid." Are the schools allowed to say no when the kids have already paid through the Florida Prepaid College Plan?  

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