Illinois State Treasurer Frerichs announces fee reductions for college savers

Illinois State Treasurer Michael Frerichs today announced another program management fee reduction for all Bright Start 529 college savers – the third reduction in five years.

Effective July 3, 2021, Bright Start dropped its program management fee – the fee charged by Union Bank & Trust, the program manager for Bright Start – from 0.075% to 0.07%, a reduction that will save college savers a combined $500,000 every year.
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