Governor Crist will allow the bill to go into law and his one condition was that it would have to wait until 2008. The tuition increase can only increase 15% each year, until it reaches the maximum of 40%. It can only go towards two things, hiring more academic counselors and more faculty for high demand undergraduate programs.

"Unfortunately it does not solve the budget issues we're facing for next year," says Bernie Machen, President of the University of Florida. "It gives us some hope for the out year starting in 08 we will see a revenue stream that will help us address some of the problems we have."

Governor Crist asked the University Presidents to commit to helping him develop a more comprehensive higher education plan for the state of florida, which they all agreed too.

By Nathalie Pozo, WCJB TV20 News