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College Illinois bailout

MARCH 22, 2019 | by Cole Lauterbach | ALTON DAILY NEWS

Illinois lawmakers are considering paying the tuition of students who paid into a troubled state-run prepaid tuition program using taxpayer funds and removing provisions on who would get refunds and who get tuition to state schools. … The program allowed parents to prepay tuition for a state university as a way to hedge against the rising cost of college. It has twice had to stop accepting new participants because it didn't have the money to cover its obligations.

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