The state’s College Illinois pre-paid tuition program has a 560-million dollar deficit. Some say taxpayers may be on the hook for the tab but State Treasurer Dan Rutherford says it’s up to lawmakers to bail the program out.
The program is under the authority of the Illinois Student Assistance Commission, which is appointed by the governor. No new participants have been allowed into College Illinois since September. Rutherford says the Bright Start program, which is run by his office, is doing well.
State Treasurer Dan Rutherford says parent should pay attention to the small details before signing a pre-paid tuition contract.