College Illinois – a program aiming to give parents a chance to pay today’s tuition rates for their children to attend college later – is taking a break from accepting new participants.
A state-run college investment program is losing money, and has in the past been blasted for risky investments.
Gov. Pat Quinn has overhauled the board that oversees the state’s prepaid college tuition program.
An audit released Thursday of the College Illinois prepaid tuition program slammed the state agency overseeing the program.