Attention Colorado families: it’s now time to get prepared to spend more money to send your kids to college. According to an article by Todd Engdahl in State Bill Colorado:

State colleges and universities filed tuition flexibility plans with the state Department of Higher Education Friday, the first such requests under a new state law that gives institutions greater control over tuition rates.

As of 5 p.m., the department had received e-mailed plans from the University of Colorado System, Metropolitan State College, Mesa State College and Fort Lewis College.

“Flexibility plan” is a euphemism; it really means just raising tuition.

Back in the spring, the Colorado state legislature approved a measure allowing public colleges to increase tuition and the state to support higher education less generously. This occurred because Colorado was short $1.7 billion it needed to cover state expenses.

The law allows public colleges to raise tuition up to 9 percent a year until 2016 without state approval. The University of Colorado system wants to raise tuition 9.5 percent for the 2011-12 school year.

Tuition at Colorado is currently about $9,000 a year. [Image via]

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Daniel Luzer is the news editor at Governing Magazine and former web editor of the Washington Monthly. Find him on Twitter: @Daniel_Luzer