Menus Calendar

College Illinois: Pay today's prices for tomorrow's education     Send a link to a friend

[DEC. 13, 2004]  SPRINGFIELD -- Families wanting to invest in their children's future college education at today's prices have until March 31, 2005, to participate in the seventh annual enrollment period for College Illinois, a state 529 prepaid tuition program, according to state Sen. Bill Brady, R-Bloomington.

The program is completely tax-exempt in Illinois, and its designation as a 529 plan 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. The program allows the purchaser to pay for education ranging from one community college semester up to four years at a public university.

Contract benefits also may be used at Illinois private colleges and out-of-state colleges, both private and public. Once a plan is purchased, anyone -- grandparents, relatives, family friends -- can make a payment on behalf of the beneficiary.

[to top of second column in this article]

Brady says since the program was established in 1997, more than 42,000 contracts, representing nearly 140,000 years of prepaid college, have been purchased.

Information and applications are available by visiting or by calling toll free 1 (877) 877-3724.

[Illinois Senate Republican Caucus news release]

Home of the Chicago Dog

Casino Dog
837 Woodlawn Ave.
Lincoln, Illinois 62656
(217) 735-3421

Delivery Available

Next To Papa Johns

Florist & Delivery

100 E. Cook St., Mt Pulaski

(217) 792-3868

click here to order flowers
Tuesday - Friday 9am -4pm, Sat  9am - 12
closed Sunday & Monday


Baker & Son Tree Service

Tree Trimming & Removal
Excellent Service & Cleanup
Free Estimates - Fully Insured

Phone: (217) 735-5066
Cell...: (217) 306-4397


Previous articles

Back to top


News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law & Courts | Leisure Time | Spiritual Life | Health & Fitness | Teen Scene
Calendar | Letters to the Editor