Parents & Grandparents: Enrollment Still Open for State's 529 Prepaid College Tuition Program for Children Age One or Younger
A college education is one of the most important things a parent can provide for a child, and one of the primary reasons people invest in College
"There are two things you can count on -- spiraling tuition costs and the value of a college education," continued Davis. "A College
College Savings Day was established by the College Savings Plans Network to raise awareness about saving for college and highlight the benefits of 529 plans. It is held annually on
"We sincerely hope that 529 College Savings Day helps effectively spread the word about the importance of thinking about paying for college - now," said Davis. "But saving for college is far more important than a single date. Every day is '529 day.'"
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A new tiered pricing system called SmartChoice, introduced this enrollment period, makes plans even more affordable than ever before. SmartChoice pricing provides three distinct price levels with different payment options. The plans are completely flexible and let the purchaser choose a pricing option that best matches financial needs and realities. Combination plans including four semesters at a community college and four semesters at a university level are also available. Various payment options include monthly and annual installments and multiple down payment levels. In addition, program beneficiaries can choose to attend college anywhere because benefits can be used outside of the state at public and private institutions nationwide.
Upon purchasing a contract,
The Illinois Student Assistance Commission provides students of all ages and backgrounds with the resources and support to obtain financial aid for higher education. A state agency, ISAC has paved the path to post-secondary education with innovative programs for more than 50 years. Last year alone, ISAC continued its mission to make college affordable and accessible for
The Commission provides educational funding with student loans, as a loan guarantor and via numerous public programs such as the successful Monetary Award Program (MAP), the Illinois Veteran Grant and College
*Neither ISAC nor College
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