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Tool in The Crib #96 - 529 College Planning
December, 15, 2009
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Fighting Soaring College Costs
November, 17, 2009
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Saving Money for College
November, 11, 2009
A program that secures educational future at the lowest price
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College Costs Keep Rising, Report Says
Sunday, Oct. 21, 2009
By Tamar Levin, New York Times
The price of a college education rose substantially last year, despite a 2.1 percent decline in the Consumer Price Index from July 2008 to July 2009.
Hit hard by state budget cuts, four-year public colleges raised tuition and fees by an average of 6.5 percent last year. Prices at private colleges rose 4.4 percent, according to a report issued Tuesday by the College Board.
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Prepaid plans could solve college funding problems
Sunday, Oct. 18, 2009
By Nirvi Shah, Miami Heralde
Mention that you need to start saving for your child's college tuition and you will hear the same advice from many financial planners: Pay for it in advance.
``Step one is, if you can lock in your costs at today's prices, do it,'' said Cathy Pareto, a certified financial planner in Coral Gables. That's because the costs of college are rising at a staggering pace -- and far faster than the rate of inflation, Pareto said.
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Getting on a Pre-pay Plan for College
NPR's Marketplace recently reached out to the Illinois Student Assistance Commission's Executive Director Andy Davis for a story about rising interest in 529 prepaid college tuition plans. From the NPR Marketplace website: http://marketplace.publicradio.org/
Getting on a Pre-pay plan for college
With college tuition continuing climbing and the stock market continuing to fall, more people are liking the idea of locking in future college costs. Sarah Gardner looks into the pros and cons of a pre-paid 529 plan.
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listen to the report.
Illinois prepaid tuition program open again
October 13, 2009
THE ASSOCIATED PRESS
The Illinois Student Assistance Commission will begin another enrollment cycle for the College Illinois! prepaid tuition program Nov. 1.
Officials said Monday the program's assets totaled $1 billion Sept. 30. The program has sold over 66,000 contracts -- including more
than 45,000 being used.
College Illinois! allows parents of college-bound students to lock in a tuition rate ahead of time and pay toward that tuition into
a low-risk investment fund.
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College pre-paid tuition plan signup to resume
Bob Roberts Reporting
WBBM Newsradio 780
CHICAGO (WBBM) -- Changes are coming for the College Illinois pre-paid tuition plan. But the state agency that oversees the plan
says they should make it easier to sign up. Since its start-up in 1999, there was a limited window -- several months -- each
year during which applications were accepted.
Spokesman Paul Palian said that when enrollment resumes on Nov. 1, it will never end. Palian said that means that the cost of a
College Illinois plan will change from month to month. But those who sign up will still be guaranteed a college education in the
future at today's tuition rates.
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Year-round enrollment starting for state's college tuition program
October 07, 2009
UNDATED (WREX) - The next enrollment period for the College Illinois! prepaid tuition program will begin November 1.
The Illinois Student Assistance Commission wants to assure people that even in the down economy, their investment into
this program will be safe.
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College Illinois!® 529 Prepaid Tuition Program 'Solid'
Tuesday, 06 October 2009
CHICAGO (ENEWSPF) - The Illinois Student Assistance Commission (ISAC) announced it will begin another
enrollment cycle for the College Illinois!® 529 Prepaid Tuition Program November 1 with the program in solid financial shape.
"Our message to the residents of Illinois and current contract-holders is that the College Illinois! Prepaid Tuition program
is solid," explained ISAC Executive Director Andrew Davis. "College Illinois! assets are both safe and liquid."
As of September 30, 2009, the value of College Illinois! assets was approximately $1 billion. The program has sold over
66,000 contracts to date, including 45,426 active contracts, the equivalent of 200,700 years of college.
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