Parents have until April 30 to enroll in College Illinois
chance to take advantage of current contract pricing
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CHICAGO -- Illinois parents have
only two weeks to sign up for the College Illinois! 529 Prepaid
Tuition Program before the current enrollment period ends April 30.
The program allows families to prepay for college years in advance
at significantly lower cost.
"With ever-rising costs of higher education, College Illinois offers
parents a great opportunity to plan ahead and make college more
affordable for their kids," said Eric Zarnikow, executive director
of the Illinois Student Assistance Commission, which administers the
program. "We're urging parents to seize the day and sign up for
College Illinois, or talk to one of our advisers now, before the
enrollment period closes.
"For as little as $44 per month,
parents, grandparents or guardians can start on the path to a
prepaid college education for their children."
Zarnikow noted that a child born today is projected to incur
college costs of as much as $180,000 to attend an Illinois four-year
public university. The prepaid tuition plan allows families to lock
in a lower price <today> to cover the expense of future tuition and
Hundreds of Illinois parents and grandparents have signed up for
the program since the current enrollment period opened in October
Since inception in 1997, the program has paid more than $400
million in tuition and fees and helped tens of thousands of Illinois
families make postsecondary education more affordable. The prepaid
tuition contract also offers tax advantages, including state income
tax deductions, tax-free growth and exclusions from federal gift
taxes. While about 75 percent of the beneficiaries have opted to
attend college in Illinois, the program's benefits can be used at
nearly all public and private colleges throughout the country.
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The prepaid tuition program offers various plans that let
purchasers choose a pricing option that best fits their financial
For additional information about ISAC's College Illinois! Prepaid
Tuition Program, visit
www.529prepaidtuition.org or call 877-877-3724.
The Illinois Student Assistance Commission, established in 1957,
has as its mission to help make college accessible and affordable
for Illinois students through administration of need-based grant and
scholarship programs, outreach efforts across the state, and by
offering the state's 529 prepaid tuition plan, College Illinois. The
commission has provided more than $10.4 billion in grants,
scholarships and non-loan aid to over 4.8 million Illinois students
Illinois Student Assistance
file received from the
Illinois Office of
Communication and Information]