College Illinois!® extends enrollment through June 1
Illinois families can still take advantage
of 2014-15 reduced contract pricing
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[May 02, 2015]
CHICAGO–
Illinois families looking to find an affordable way to start
tackling the costs of college will have an additional month to take
advantage of 2014-15 reduced pricing on all College Illinois!®
Prepaid Tuition Program contracts. The state’s only 529 prepaid
tuition program, College Illinois! offers families a way to “freeze”
the cost of tuition by prepaying for future college tuition at
today’s contract rates. With pricing on all contracts reduced, some
by as much as 29%, families now have through June 1st to start
planning for their child’s future for as little as $21 a month.
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“We want to provide families every opportunity to
begin addressing the cost of college as early as possible with a
College Illinois! prepaid tuition contract,” said Eric Zarnikow,
executive director of the Illinois Student Assistance Commission,
the state agency that administers the College Illinois! Program.
“The program offers flexibility and significant tax advantages, and
most people don’t realize that benefits can be used at almost any
college or university in the country. Especially around this time of
year, if families are receiving a tax refund, we want them to have
the opportunity to put some of it towards the cost of college
through a College Illinois! plan.”
The 2014-15 enrollment period opened over a month later than during
the past several enrollment periods, in order to implement the price
reductions. With national “529 Day”—a day at the end of May to raise
awareness of the value of 529 plans—and additional opportunities to
reach out to potential contract holders coming later in the
enrollment period, the extension of the enrollment period will allow
more families an opportunity to learn about the program and take the
time they need to make an enrollment decision.
![](http://archives.lincolndailynews.com/2015/May/02/images/ads/current/memorial_home_sda_041515.png) “Earlier this spring we asked our current contract holders to share
their stories with us about their experience with College Illinois!”
said Zarnikow. “The response was overwhelming—more than 100 current
contract holders told us about how the program made the difference
in making college a reality for their children and grandchildren,
and you can see some of their stories on the College Illinois!
website. We want to give every family in Illinois the opportunity to
invest in their child or grandchild’s future.”
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“We bought our first plan for our youngest son when he was in grade school,”
said Darrell Runyon, a College Illinois! contract holder. “That has proven to be
the best investment we have ever made . . . Our experience was so positive that
we have bought a plan for one of our grandchildren.”
College Illinois! has helped more than 28,000 students attend college by
providing affordable options for planning for the cost of college. Find out
more, and enroll through June 1st, at www.collegeillinois.org.
[© 2015 Thomson Reuters. All rights
reserved.] About
College Illinois!
Since its inception in 1998, College Illinois! has been focused on
providing an affordable option to help make college a reality for
Illinois families. Administered by the Illinois Student Assistance
Commission, the state’s 529 prepaid tuition program offers a unique
set of benefits, including tuition inflation protection,
flexibility, and significant tax benefits. Program assets, which are
held in the Illinois Prepaid Tuition Trust Fund and kept separate
from all public moneys and State funds, are professionally managed
by an experienced team led by a Chief Investment Officer and
established third party asset managers. More information on plan
options and benefits, as well as a complete description of terms and
conditions of, and risks associated with the purchase of a contract,
is available at www.collegeillinois.org.
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