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The Illinois Student Assistance Commission is reporting that despite the nationwide economic downturn, Illinois’ fund for parents prepaying college costs is not in danger.

The Illinois Student Assistance Commission is reporting that despite the nationwide economic downturn, Illinois’ fund for parents prepaying college costs is not in danger.

Executive Director Andrew Davis said Thursday if the stock market closed down for the next year and a half, the assistance commission would meet all its obligations to pay college tuitions out of cash on hand.

Illinois invests funds from the College Illinois program in the stock market. But instead of investing in one high-risk stock, Davis said the state put money into a broad swath of the market.

Davis added that although there is plenty of money still in the fund, fewer people are enrolling in the program.

About 50,000 people in Illinois take part in the program.

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