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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 state’s prepaid tuition program, is available only to Illinois residents.
The links below provide specific details for each of the Illinois 529 plans.
OppenheimerFunds Inc. became program manager in July 2007. The Illinois Bright Start College Savings Program -- Direct-sold Plan features a choice of blended portfolios, which combine actively-managed and passively-managed underlying investments,...
The College Illinois! 529 Prepaid Tuition Program offers a variety of tuition packages to Illinois families....
Advisor Sold Plans
The Illinois Bright Directions 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-fund options....
The Illinois Bright Start College Savings Program -- Advisor-sold Plan launched in 2007 as part of the state's change in program manager to OFI Private Investments, an affiliate of OppenheimerFunds Inc. It offers its menu of investment options at...