The Treasurer’s Office serves as the trustee of Illinois' two 529 College Savings Plans, Bright Start and Bright Directions. These programs together represent approximately $11 billion in assets.
529 Plans allow individuals and families to save money for college while taking advantage of great federal tax benefits.
Earnings grow tax-free as long as withdrawals are used to pay for higher education expenses (i.e.
Illinois 529 Plan (Bright Start) Review and Tips on college savings!!
tuition, room and board, books, and more).
Bright Start is a direct plan that individuals can sign up for and manage on their own, while Bright Directions is a plan that can be accessed through a financial advisor. Both plans offer high-quality investment options for account holders to choose from.