College Illinois! was established to make college accessible and affordable for Illinois students and families. Program enrollment for 2023-24 is currently on hold pending continuing discussions with policymakers to help define proposals that will strengthen College Illinois! and efforts to move those proposals forward in the legislative process.
- Program typePrepaid contract
- Enrollment periodCollege Illinois! has a defined enrollment period. Program enrollment for 2023-24 is currently on hold pending continuing discussions with policymakers to help define proposals that will strengthen College Illinois! and efforts to move those proposals forward in the legislative process.
- Inception1998
- State agencyIllinois Student Assistance Commission
- Tax deduction
- Program ManagerIllinois Student Assistance Commission
Investment Options
Investors in College Illinois! 529 Prepaid Tuition Program can select from the following investment options. Click on a portfolio name for more information.
Sometimes referred to as the enrollment-based option, this is an investment approach where your asset allocation is programmed to change over time. Accounts for young beneficiaries are invested aggressively and accounts for beneficiaries with college right around the corner are invested much more conservatively. In some 529 plans, the age-based option operates by automatically transferring your investment from one static portfolio to another at certain points in time. Others utilize lifecycle funds or employ lifecycle-type tactics within the portfolio containing your investment so that it is not necessary to transfer your investment between portfolios.
