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CFO Jimmy Patronis: Start Now to Stop Student Loan Debt


For Immediate Release: Wednesday, September 26, 2018
Contact: Anna Alexopoulos Farrar,, 850.413.2842 
CFO Jimmy Patronis: Start Now to Stop Student Loan Debt
TALLAHASSEE, Fla.—Data now shows that student loan debt is a $1.5 trillion crisis, with an average student in the Class of 2016 owing more than $37,000 and a default rate of more than 10 percent. In light of these harrowing statistics, Florida Chief Financial Officer (CFO) Jimmy Patronis reminds Florida families to plan ahead for college by utilizing the Florida Prepaid College Program and urges the Florida legislature to keep college tuition rates low. The Prepaid College Board met today at their quarterly meeting. 
CFO Jimmy Patronis said, “Florida’s public universities and state colleges continue to offer the best education for some of the lowest rates in the country. With student loan debt climbing each year, I encourage Florida families to take advantage of Florida’s Prepaid College Program to help their children become debt-free adults. 
“Keeping Florida Prepaid rates low is incumbent on college tuition rates remaining affordable. I’m advocating for the legislature to hold the line on tuition rates so that education can remain an affordable option.
“This year, Floridians will have the opportunity to vote on amendments that would make it harder for our state to raise taxes and fees. We must do everything we can to support measures like these so that Florida families are not saddled with high costs including tuition rates.”
As a member of the Florida Prepaid College Board, CFO Patronis is committed to ensuring the Florida Prepaid Program remains a cost-effective and financially sound tool which allows Floridians to save for future college and university expenses.
More information about the Florida Prepaid College Program can be found at


Acerca del Oficial Principal de Finanzas
El Oficial Principal de Finanzas y Jefe de Bomberos del Estado Jimmy Patronis es oriundo de la Florida y miembro del Gabinete de la Florida, que supervisa el Departamento de Servicios Financieros. El Oficial Principal de Finanzas Patronis trabaja todos los días para luchar contra el fraude de seguros, apoyar a los bomberos de la Florida y garantizar que las finanzas del estado sean estables para respaldar el crecimiento financiero del estado. Siga las actividades del Departamento en Facebook (FLDFS) y Twitter (@FLDFS).