Illinois: Illinois residents pay for tomorrow's education at today's
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by Illinois Senate Republican communications staff)
[JAN. 23, 2007]
SPRINGFIELD -- Families interested in investing
in their children's future college education at today's prices have
until April 24 to participate in the ninth annual enrollment period
for College Illinois, the state's prepaid tuition program, according
to state Sen. Larry Bomke, R-Springfield.
Bomke explained that the program was developed to help families
afford future increases in college tuition and fees.
is completely tax-exempt in Illinois, and various payment options
are available, including monthly and annual installments.
Participants can purchase from one semester at a community
college to nine semesters at a university. The benefits can later be
used at any community college and university, public and private, in
"Families can save thousands of dollars in higher education costs
by participating in the College Illinois program," said Bomke. "It
is essentially an insurance policy for your child's future, which
guarantees that the financial means to pay for school will be
available when they are ready to head off to college."
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Once a plan is purchased, anyone -- grandparents, relatives,
family friends -- can make a payment on behalf of the beneficiary.
Since the program was established in 1997, more than 53,000
contacts representing 168,630 years of prepaid college have been
Information and applications are available by visiting
or by calling 1-877-877-3724 toll-free.
[News release from
Sen. Larry Bomke]