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Seacoast Investment Services senior vice president foresight to make a one-time investment in Florida's prepaid college tuition plan for her daughter Jessica in 2014.

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Jessica, who has her tuition and expenses paid for, is currently a sophomore studying finance at the University of Florida in Gainesville.

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Prepaid plans are those that let you buy years of credit or education at a set rate.

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As of July, the US had an annual inflation rate of 8.5%, making it tempting to freeze future expenditure at the current level.

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This is especially true in higher education, where four-year state universities now have an average annual sticker price of $10,740.

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A minor portion of the market for college savings are prepaid accounts.

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Around 931,000 of these accounts nationwide had assets totaling $24 billion as of June 30.

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Prepaid tuition plans are not for everyone. In fact only a few states are giving them.