SPRINGFIELD, Ill. (CBS) — Gov. Pat Quinn has overhauled the board that oversees the state’s prepaid college tuition program.
As WBBM Newsradio 780’s David Roe reports, the Chicago Tribune says the College Illinois program has been criticized for slow sales, an investment strategy that has been deemed too risky, and a shortfall of nearly $300 million.
LISTEN: Newsradio 780’s David Roe reports
Amid concerns that participants’ children’s tuition bills would not be paid, Quinn overhauled the board and named five new members Thursday.
Appointed by Quinn were Verett Ann Mims of Boeing Inc.; Marina Y. Faz-Huppert of United Food and Commercial Workers Local 881, who was an unsuccessful candidate for alderman of the 45th Ward earlier this year; Niles West High School assistant principal Kendall Griffin; and Mark Donovan and Kim Savage, both of the University of Illinois at Chicago.
In May, Quinn removed Don McNeil as head of the commission and replaced him with Kym Hubbard of the accounting firm Ernst & Young.
State Rep. Jim Durkin (R-Western Springs) has said if he does not see improvements in the College Illinois program, he will move forward with legislation to transfer oversight of the program to the state Comptroller’s office, the Tribune reported.
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