Public Accountability Report Public Accountability Report

2025 Prepaid Tuition Program
Mission Statement To encourage and better enable Illinois families to finance the future cost of higher education in an affordable manner.
Program Goals and Objectives
  1. Ensure an orderly wind-down of the program, providing essential information to contract-holders, notifying contract-holders of any expiring benefits, and working to allow contract-holders to receive the maximum possible benefit from their arrangement.
    Source of Funds General Revenue Fund Statutory Authority 110 ILCS 947/20
    Fiscal Year 2026 Target/Projected Fiscal Year 2025 Actual Fiscal Year 2025 Target/Projected Fiscal Year 2024 Actual Fiscal Year 2023 Actual
    Input Indicators
    Total expenditures - all sources (in thousands) $ 1,999.3 $ 1,909.2 $ 2,362.0 $ 2,591.4 $ 2,237.2
    Total expenditures - state appropriated funds (in thousands) $ 1,999.3 $ 1,909.2 $ 2,362.0 $ 2,591.4 $ 2,237.2
    Average monthly full-time equivalents 15.0 12.0 16.0 13.0 17.0
    Output Indicators
    Website visits 75,000 81,871 106,961 97,459 88,801
    Outcome Indicators
    Total number of beneficiaries (students) who used benefits 5,000 5,380 5,800 6,334 7,201
    Amount paid to schools (in millions) $ 65.0 $ 69.8 $ 70.0 $ 80.6 $ 90.8

    Looking for more information?