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College Illinois Savings Program Slammed in Audit

The underfunded College Illinois savings program was plagued by weak financial controls and conflicts of interest between top administrators and companies hired to invest millions from the prepaid tuition fund, according to a report issued by the state auditor general's office.

The underfunded College Illinois savings program was plagued by weak financial controls and conflicts of interest between top administrators and companies hired to invest millions from the prepaid tuition fund, according to a report issued by the state auditor general's office.

Caroline Cournoyer is GOVERNING's senior web editor.