Illinois has tapped nearly $700 million in existing funds to make the first payment to colleges and universities they've received in seven months.
Comptroller Susana Mendoza announced the payment Thursday.
It includes $327 million owed for the needs-based Monetary Award Program for 110,000 college students for the past school year.
The Democrat made the announcement in Charleston. She presented a nearly $6 million payment to Eastern Illinois University President David Glassman.