529 PLANS

Illinois (IL) 529 College Savings Plans

Illinois has two 529 college savings plans, as well as a prepaid tuition program. The direct-sold Bright Start College Savings Program and the Bright Directions Advisor-Guided 529 College Savings Program are managed by Union Bank & Trust. In November 2017 the Bright Start Advisor program was folded into Bright Directions. CollegeIlinois!, the state’s prepaid tuition program, is available only to Illinois residents.

Consumer Plans

Bright Start Direct-Sold College Savings Program

Union Bank & Trust Company succeeded Oppenheimer Funds, Inc. as program manager of the Bright Start College Savings Program in July 2017. The Illinois direct-sold Plan features three age-based options using either a multi-firm or index-based...

Resident Rating
Non-Resident Rating

College Illinois! 529 Prepaid Tuition Program

The College Illinois! 529 Prepaid Tuition Program offers a variety of tuition packages to Illinois families....

Resident Rating
Non-Resident Rating

Advisor Sold Plans

Bright Directions Advisor-Guided 529 College Savings Program

The Illinois Bright Directions Advisor-Guided 529 College Savings Program, sold through brokers and fee-based financial advisors, features an extensive multi-manager platform offering a large number of age-based, static multi-fund, and individual-fun...

Resident Rating
Non-Resident Rating

Bright Start Advisor-Sold College Savings Program

In November 2017, the Bright Start Advisor-Sold College Savings Program combined with the Illinois Bright Directions Advisor-Guided 529 College Savings Program. Investments in Bright Start Advisor-Sold College Savings Program accounts were...

Resident Rating
Non-Resident Rating

ABLE Plans

Illinois ABLE

Illinois ABLE is offered through the National ABLE Alliance. The plan is established under the Illinois ABLE account program legislation and Section 529A to encourage and assist individuals and families in saving private funds for the purpose of...

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