Comment: Another program botched by Illinois government, in much the same way it botched pensions. As of last year, the program’s then-$846 million investment fund was more than $300 million short of the money it needed to make good on promised higher education payments for the families. Today, the program has an unfunded liability of $317 million with an even smaller investment fund of $726 million.
I know this is a small sample size, but in my world, I know of quite a few parents sending their kids off to college in the next year or two. Some of them have chosen to not attend college at all or go to the community college. Of the parents who’ve sent their kids to four year schools, not one of them – not a single one of them – will be attending an Illinois college. They’re all going out of state and many of them may never return. One parent I know sent a child to college in… Read more »
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
“The program’s creators didn’t forecast that tuition increases would outstrip market returns…” Kinda says it all, doesn’t it?
My advice: Roll Tide.
I know this is a small sample size, but in my world, I know of quite a few parents sending their kids off to college in the next year or two. Some of them have chosen to not attend college at all or go to the community college. Of the parents who’ve sent their kids to four year schools, not one of them – not a single one of them – will be attending an Illinois college. They’re all going out of state and many of them may never return. One parent I know sent a child to college in… Read more »