I recently traveled to Springfield to hear testimony from parents and others concerned about the future of the College Illinois! college investment program.  

As we have discussed here before, About 55,000 families across the State have invested their children’s college money in College Illinois!, but  questionable investment practices and management decisions as well as sky rocketing tuition have created a shortfall. Our College Illinois! Restoration Task Force is charged with finding solutions to bring stability back to the program.

In addition to hearing families’ personal stories at the recent hearing we also again heard from Illinois Student Assistance Commission Chairwoman Kym Hubbard who assured us that the fund will be viable for at least five more years, and she promised us a full actuarial report within 30 days.  Once we receive the report, we can begin working on a plan to secure families’ investment far into the future.