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Large Deficit in Illinois Prepaid Tuition Program

Large Deficit in Illinois Prepaid Tuition Program
December 14, 2011

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.

 

 

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