|
College
Illinois: Pay Today's Prices for Tomorrow's Education
Send a link to a friend
[November 01, 2007]
SPRINGFIELD -- Families wanting to invest in
their children's future college education at today's prices have
until April 29, 2008, to participate in the 10th annual enrollment
period for College Illinois, the state's prepaid tuition program,
according to state Sen. Bill Brady, R-Bloomington.
|
|
College Illinois is completely tax-exempt in Illinois, and its
designation as a 529 program ensures that contract earnings are also
exempt from federal income tax. Different plans are available and
can be purchased with a lump-sum payment or monthly installments.
Contributors can purchase from one semester up to nine semesters,
and benefits can be used at any community college and university,
public and private, in the nation. Once a plan is purchased, anyone
-- grandparents, relatives, family friends -- can make a payment on
behalf of the beneficiary.
Brady says since the program was established in 1997, more than
57,000 prepaid tuition plans, representing nearly 180,000 years of
college tuition, have been purchased.
Information and applications are available by visiting
collegeillinois.com or by
calling toll free, 1-877-877-3724.
[Text from file sent on behalf of
Sen.
Bill Brady by Illinois
Senate Republican staff]
 |
 |
