College Illinois! is an innovative 529 prepaid tuition plan, administered by ISAC, that allows the contract holder to lock in the cost of tuition and fees today, protecting families against future tuition inflation.
As a Section 529 plan, College Illinois! plan earnings are 100% exempt from state and federal taxes. This plan also allows federal gift and estate tax benefits.
Whether purchasers buy a one-semester plan or the maximum nine-semester plan, in-state or in-district tuition and mandatory fees will be paid at any Illinois university or Illinois community college. There is no tuition inflation with College Illinois!.
College Illinois! prepaid benefits can be used at all Illinois public universities and community colleges, public universities and colleges outside Illinois and private colleges and universities around the country.
Unlike financial aid, which can't be determined until a student is ready to go to college, College Illinois! allows purchasers to begin building a strong college-funding plan anytime after a child is born.
The key advantage that comes with the purchase of a College Illinois! 529 prepaid plan is security. No matter how many semesters are purchased today, those benefits will be there for tomorrow's tuition.
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