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Important news tonight for parents of high school seniors.

If your kid plans to attend UF or FSU next year, it might cost way more than expected. Today the Florida House passed a bill giving the two universities the authority to raise tuition as much as they want. Currently tuition increases are limited to 15 percent a year. Representative Eric Fresen says allowing the two universities to raise the price to market levels will make them more competitive.

“If we are not trying to create a university system that’s going to elevate to excellence our economic development in the state is going to be dwarfed and we will be losing the battle on competition,” said Fresen.

The bill still has to be approved by the Senate. If it is then it goes to Governor Rick Scott who told lawmakers at the start of session he didn’t want any tuition increases.