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Florida prepaid college plan gets a rule change: Florida Prepaid taking steps to protect children's college funds.

Sun Sentinel (Fort Lauderdale, FL)

| March 04, 2009 | COPYRIGHT 2008 South Florida Sun-Sentinal. (Hide copyright information)Copyright

Byline: Scott Travis

Mar. 4--Florida prepaid college plans could be a bit harder to cancel under a new rule change. Prepaid plans bought after Feb. 1 will require both the purchaser and any listed survivor to agree to cash out the plan before the child goes to college. Sen. Ted Deutch, D-Boca Raton, asked officials with Florida Prepaid to make the change after a Boca Raton woman complained that her ex-husband cashed out the plan against her will, leaving her son without money for college. The ex-husband was listed as the primary holder of the plan. "We want all people involved in the plan to be aware," said Will Thompson, director of finance and accounting …

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