She enrolled her daughter at birth but no go. Another state of Illinois program going bust, half a billion shortfall going going gone as the gap will widen to billions, but the state sends out this statement:
In a letter to contract holders this week, commission officials said the program's funded status "is much stronger than any of the state's pension plans and many corporate pension plans."A disingenuous and useless claim, as Illinois pension plans are among the worst funded in the nation. In this college fund, Illinois had misrepresented the guarantee and assumed a ridiculously high rate of return, and this is the result.
Add to that the government student loan-generated tuition bubble and you have yet another big gov disaster our children and grandchildren will be forced to pay for.