The College Cash Conundrum

In May and June, thousands of students walked across stages all over the state, clothed in caps with dangling tassels, robes and the pride of accomplishment. After years of study, these college students were handed a piece of paper telling the world they had a degree – and for nearly half of them, debt. While 51 percent of Florida’s students graduate debt free, the others are handed a diploma at their commencement ceremony and, on average, a bill for $11,500, according to the Florida State Board of Governors.

For years, parents have sat around kitchen tables calculating how much of their paychecks needs to go into a savings account for their children to go to college. Luckily, they’re already in good hands by being in Florida.

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