# Fla. Stat. § 743.05: 743.05 Removal of disabilities of minors; borrowing money for educational purposes

> Florida · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLIII_C743_S743.05

## Section

- **Citation:** Fla. Stat. § 743.05
- **Heading:** 743.05 Removal of disabilities of minors; borrowing money for educational purposes
- **Jurisdiction:** Florida
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Florida Code / Title XLIII / Chapter 743 / Section 743.05

## Text

For the purpose of borrowing money for their own higher educational expenses, the disability of nonage of minors is removed for all persons who have reached 16 years of age. Such minors are authorized to make and execute promissory notes, contracts, or other instruments necessary for the borrowing of money for this purpose. The promissory notes, contracts, or other instruments so made shall have the same effect as though they were the obligations of persons who were not minors. No such obligation shall be valid if the interest rate on it exceeds the prevailing interest rate for the federal Guaranteed Student Loan Program.

History: s. 1, ch. 59-268; s. 1, ch. 69-105; s. 2, ch. 71-147; s. 28, ch. 83-291.

## Nearby sections

- [Fla. Stat. § 743.01 743.01 Removal of disabilities of married minors.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLIII_C743_S743.01.md)
- [Fla. Stat. § 743.04 743.04 Removal of disabilities of persons entitled to benefits under the “Home, Farm and Business Loans Act.”](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLIII_C743_S743.04.md)
- [Fla. Stat. § 743.05 743.05 Removal of disabilities of minors; borrowing money for educational purposes.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLIII_C743_S743.05.md)
- [Fla. Stat. § 743.06 743.06 Removal of disabilities of minors; donation of blood without parental consent.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLIII_C743_S743.06.md)
- [Fla. Stat. § 743.07 743.07 Rights, privileges, and obligations of persons 18 years of age or older.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLIII_C743_S743.07.md)
- [Fla. Stat. § 743.08 743.08 Removal of disabilities of minors; artistic or creative services; professional sports contracts; judicial approval.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLIII_C743_S743.08.md)
- [Fla. Stat. § 743.09 743.09 Removal of disabilities of minors; artistic or creative services; professional sports contracts; procedure for court approval; appointment of a guardian ad litem.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLIII_C743_S743.09.md)
- [Fla. Stat. § 743.015 743.015 Disabilities of nonage; removal.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLIII_C743_S743.015.md)
- [Fla. Stat. § 743.044 743.044 Removal of disabilities of minors; executing agreements for depository financial services.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLIII_C743_S743.044.md)
- [Fla. Stat. § 743.045 743.045 Removal of disabilities of minors; executing contracts for a residential lease.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLIII_C743_S743.045.md)
- [Fla. Stat. § 743.046 743.046 Removal of disabilities of minors; executing agreements for utility services.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLIII_C743_S743.046.md)
- [Fla. Stat. § 743.047 743.047 Removal of disabilities of minors; executing agreements for motor vehicle insurance.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLIII_C743_S743.047.md)
- [Fla. Stat. § 743.064 743.064 Emergency medical care or treatment to minors without parental consent.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLIII_C743_S743.064.md)
- [Fla. Stat. § 743.065 743.065 Unwed pregnant minor or minor mother; consent to medical services for minor or minor’s child valid.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLIII_C743_S743.065.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLIII_C743_S743.05. Check the current official text before relying on it. Not legal advice.