Sales of the college savings plan fell in half this year. That’s a big problem since a higher level of contract sales is necessary to put the underfunded plan on sound financial footing. An actuarial report said the plan would need to draw between 1,000 and 2,000 new contract holders annually to keep from running out of money and make good on future tuition payments under the contracts.

 

http://www.chicagobusiness.com/article/20140515/NEWS02/140519898?template=printart