College Illinois! 529 Plans are sponsored by the state to help families fund future college costs with tax benefits granted by Section 529 of the Internal Revenue Service Code. College Illinois! offers a step-by-step process to help you determine the right 529 plan for you and your family. Go to full description...
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What are the advantages of a 529 Plan? Planning ahead for your child can help to significantly reduce student loan debt. Your student can keep his or her school options open, knowing that plans are flexible—the value of plan benefits can be applied to almost any college or university in the U.S. and plans can be transferred to another beneficiary or used toward graduate studies.
College Illinois is not limited to Illinois public colleges and universities. The value of College Illinois plan benefits can be applied to tuition and mandatory fees at institutions of higher learning almost anywhere in the United States. Plan funds are professionally managed by an experienced team and established third-party money managers, and are held in a trust fund at Northern Trust Company, separate from state funds.