529 PLANS

Illinois (IL) 529 College Savings Plans

Illinois has three 529 college savings plans, as well as a prepaid tuition program. The Bright Start College Savings Program, managed by OFI Private Investments Inc., comes in a direct-sold version and an advisor sold version. (The direct-sold Bright Start program has more investment options.) The Bright Directions College Savings Program is an advisor-sold 529 savings program managed by Union Bank and Trust Company, offering a diverse selection of fund families including funds managed by female- and minority-owned firms. CollegeIlinois!, the states prepaid tuition program, is available only to Illinois residents.

The links below provide specific details for each of the Illinois 529 plans.

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

Union Bank & Trust Company succeeded OFI Private Investments as program manager of the Bright Start Advisor-Sold College Savings Program in July 2017. The plan offers an age-based option, four target portfolios, and a money market option....

Resident Rating
Non-Resident Rating

ABLE Plans

Illinois ABLE

llinois ABLE is established under the Enabling Legislation and Section 529A to encourage and assist individuals and families in saving private funds for the purpose of supporting individuals with disabilities to maintain health, independence, and...

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