GOVERNOR J-B PRITZKER WANTS TO MAKE SURE ALL “COLLEGE ILLINOIS” ACCOUNT HOLDERS GET THEIR TUITION MONEY.

THE COLLEGE ILLINOIS PROGRAM ISN’T ACCEPTING ANY NEW CONTRACTS BECAUSE OF CONCERNS THERE WON’T BE ENOUGH MONEY TO FULFILL EXISTING COMMITMENTS. BUT IN HIS BUDGET PLAN, GOVERNOR PRITZKER PROPOSED DEDICATING 27 MILLION DOLLARS FOR THAT PURPOSE. HE SAYS IT’S A START.

COLLEGE ILLINOIS HAS A MORE THAN 300 MILLION DOLLAR DEFICIT SO THE GOVERNOR SAYS THIS FUNDING WILL HAVE TO CONTINUE EACH YEAR TO HELP MAKE THAT UP. 

THE PROGRAM LET FAMILIES PRE-PAY THEIR CHILD’S FUTURE COLLEGE TUITION TO HELP AVOID BIG COST INCREASES LATER, BUT THE PROGRAM SUFFERED AS TUITION INCREASES OUTPACED INVESTMENT RETURNS.