Large Deficit in Illinois Prepaid Tuition Program
- Prepaid Bailouts Present Dilemma
- Quick Takes: A Call for Scientists to Tithe Time, MIT Prof Ends Hunger Strike, Latest Offensive Party, Fulbright Delays in India, Huge Deficit in Texas Prepaid Tuition, Carson-Newman President Quits, Missing Defibrillator, Mayor Won't Become President
- Strike at Illinois
- Time's Up -- Or Else!
- Athletic Revival
The Illinois prepaid tuition program is short by about 30 percent -- or nearly $560 million -- to meet the obligations it has made to families, The Chicago Tribune reported. The article is based on a new report by actuarial accountants. The state stopped selling new contracts in the program in September, but has yet to figure out how to meet the commitments the program has already made.