FSU Seminole Boosters Purchase Prepaid Scholarships

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It's no secret the cost for college tuition has risen over the years, and that's why the FSU Seminole Boosters have bought more than 20 scholarships from the state's Prepaid College Foundation, hoping to curb the rising cost of student athlete scholarships, while saving the club millions.

"For these kids, it shows once again that FSU, the boosters, and the athletic department not only cares about athletes, but they care about the kids getting through college," says Phillip Blank, vice president of the Florida Prepaid College Foundation.

The Seminole Boosters have bought 25 prepaid tuition plans for the next 14 years, with the total cost coming to about $3.7 million.

The purchase is said to be a first for a major university booster in Florida.

"If we go to block tuition for students in Florida next year, we will probably save close to $750,000. As things go forward we could event save more than that," says Bob Fohl, former chairman of the Seminole Boosters.

The booster club's current chair, Kathy Atkins-Gunter, says through the Prepaid Foundation the scholarships have become more affordable.

"Anywhere from about $6,000 or $7,000 if the students are pretty far out to $10,000 to $12,000, so we think it will open an avenue to a lot of prospective donors who've felt in the past [that] they wouldn't have been able to help," says Gunter.

It's estimated that scholarship expenses for athletes have grown by 600 percent since the late 70's.

Right now, the boosters are looking to purchase about 20 scholarships a year with a goal of financing all 240 scholarships in the future.

The scholarships are for in-state students only.