Published: Apr 24, 2012 9:31 PM EDT

TALLAHASSEE, Fla - Governor Rick Scott has until Saturday to sign or veto legislation allowing the University of Florida and Florida State University to raise tuition as high they’d like.  The bill lifts the 15% a year cap on tuition increase for the two research institutions.

School administrators say charging more would help them produce better graduates and create high tech jobs in Florida. Governor Scott says he’s not sure yet if the price is worth the payoff.  "I have drafts of both sides, a veto letter and an approval letter, and I’m going to look at that. What I care about in thinking that through is the same thing: what are we doing to make sure that our kids are able to afford their higher ed, and to make sure they are going to get degrees where they can get jobs.”

So far Governor Scott has received about 400 calls and emails asking for a veto and 30 asking him to sign the bill.