529 plans are looking more and more attractive

As the year winds down and concerns about the economy are on people's minds, parents are looking for safer and more secure ways to plan for college.

Although there are good features to consider, unfortunately during these tough times one of the less attractive ways is a 529 Savings plan. For many years, families have been flocking to these types of savings plans because of their ability to invest money in mutual funds and any other market types of investments.

But according to an article in the Wall Street Journal "families are now turning to the prepaid variety of 529's. The 529 Prepaid college tuition plans are offering the safety and security that parents are looking for when preparing for college because it is not tied to the performance of the market.

529 Prepaid tuition plans like College Illinois! offer the following advantages:

• You lock in the cost of tuition at today’s price for your child to go to school in the future.
• Tuition is covered at 100% when the beneficiary goes to college at one of the nine Illinois public universities.
• Flexibility—the benefits can be used out of state and at private universities.
• Tax Advantages—earnings are federal and state exempt & all contributions are state deductible.
• SECURITY---COLLEGE ILLINOIS! IS NOT TIED TO THE PERFORMANCE OF THE STOCK MARKET.

We meet and speak with parents on a daily basis about saving for college and one thing we always hear is "I wish I would've purchased this plan years ago".

It’s not too late…4 semesters (2 years of college) of a University Plan for a 4 year old will only cost you $22, 607.

Now imagine what 2 years of college will cost in 14 years for that 4 year old who may attend Illinois State University--$60,516 (Based on a 7.9% annual increase in college). That projected increase to $60, 516 would be paid by College Illinois! and you would have only paid $22,607….what a deal!!!

It’s time to take advantage of the College Illinois! plan. With FLEXIBILITY, SECURITY, & PEACE OF MIND being of such importance to parents who plan for college why not use College Illinois!? Take a look at our website www.collegeillinois.com or call us at 877-877-3724 to schedule an appointment with one of representatives.

Tonya P.