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PREPAID PERSPECTIVES

Thursday, May 07, 2009

WHAT’S NEXT???

Now that general enrollment has closed a lot of you may be wondering “what’s next?”

Well, the first thing you should know is that enrollment is still open for newborns till August 1, 2009. So any parent that has a child less than the age of one year old still has an opportunity to get a College Illinois! contract. The pricing starts as low as $35 a month for a Community College Plan and $57 a month for a University Plan.

But, if you have already purchased a plan you should know that your first payment is not due till June 1, 2009. Once you have an account with us, you will receive a Welcome Letter, Participation and Payment Schedule and a printed copy of the Master Agreement and Disclosure Statement.

Depending on your payment schedule, you will either receive a payment invoice for lump sum payments, annual payments, or monthly payments – depending on which option you chose. Once again this money is not due till June 1, 2009. In early January, you will also receive an annual statement that shows all the accounts you own and the account totals.

For those of you that have children who are starting college this year, you should’ve received a “Using Your College Illinois! Benefits” book. This book will give you specific details on what you and the beneficiary need to know in order for College Illinois! to start paying for the beneficiary’s tuition and mandatory fees. If you have not received your book or have questions, please call our Customer Service at 877-877-3724.

Congratulations on your purchase of a College Illinois! contract – the smart, secure way to save for college.

Tonya P.

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