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College Illinois! 529 Plans and Prepaid College Tuition Programs
 
 

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College Illinois 529 Plans by Grade Level
 

HOW THE COLLEGE ILLINOIS! ® 529 PREPAID TUITION PROGRAM WORKS

Students can use College Illinois! 529 Prepaid Tuition Program benefits at schools not specifically covered by their prepaid tuition plan. Prepaid tuition benefits may be used at eligible private and out-of-state schools across the country. At these institutions, the benefits paid will equal the weighted average of tuition and fees (WAT) for the contract type held by the student.

Students can also use benefits at other Illinois public institutions not covered by their prepaid tuition plan. The amount paid is converted based on the current WAT for the plan type (Community College, University or University +). Each year, the WAT is recalculated to keep pace with tuition increases at Illinois public institutions.

2010-2011 Weighted Average Tuition Amounts
 
  Annual Amount Amount Per Credit Hour
Choice 1 (Community College) $3,307 $110.23
Choice 2 (University)  $10,519 $350.63
Average for All Illinois Public Universities except the University of Illinois Urbana-Champaign
Choice 3 (University +) $14,240 $474.67
Average for the University of Illinois Urbana-Champaign
Existing University Plans $11,386 $379.53
Purchased prior to 2008-2009 enrollment period
 

How College Illinois! Benefits Work
 
Student Using Choice 1 (Community College) Benefits
School Student Attends 2010-'11 Annual In-State or In-District Tuition and Fees (based on 30 credit hours per year) Amount Covered by College Illinois! benefits Out-of-Pocket Balance Credit Hours Used Conversion Calculation
Elgin Community College



$2,922 100% $0 30 N/A
Student Using Choice 2 (University) Benefits
School Student Attends 2010-'11 Annual In-State or In-District Tuition and Fees (based on 30 credit hours per year) Amount Covered by College Illinois! benefits Out-of-Pocket Balance Credit Hours Used Conversion Calculation
Choice 2 Schools:
Northern Illinois University $11,662 100% $0 30 N/A
Illinois State University $12,145 100% $0 30 N/A
University of Illinois - Springfield $13,249 100% $0 30 N/A
Choice 3 School:
University of Illinois Urbana-Champaign (Business) $18,236 100% until contract is depleted $0 52 $18,236 / $350.63
Private or Out-of State Schools:
Iowa State University $18,562  $10,519  * $8,043 30 N/A
Lake Forest College


 
$35,525  $10,519  * $25,006 30 N/A
Student Using Choice 3 (University+) Benefits
School Student Attends 2010-'11 Annual In-State or In-District Tuition and Fees (based on 30 credit hours per year) Amount Covered by College Illinois! benefits Out-of-Pocket Balance Credit Hours Used Conversion Calculation
Choice 3 School:
University of Illinois Urbana-Champaign (Business) $18,236 100% $0 30 N/A
Choice 2 Schools:
Northern Illinois University $11,662 100% $0 25 $11,662 / $474.67
Illinois State University $12,145 100% $0 26 $12,145 / $474.67
University of Illinois - Springfield $13,249 100% $0 28 $13,249 / $474.67
Private or Out-of State Schools:
Iowa State University $18,562  $14,240 ** $4,322 30 N/A
Lake Forest College



$35,525  $14,240 ** $21,285 30 N/A
Student Using Existing University Plan Benefits
(Purchased prior to 2009-2010 enrollment period)
School Student Attends 2010-'11 Annual In-State or In-District Tuition and Fees (based on 30 credit hours per year) Amount Covered by College Illinois! benefits Out-of-Pocket Balance Credit Hours Used Conversion Calculation
Choice 2 Schools:
Northern Illinois University $11,662 100% $0 30 N/A
Illinois State University $12,145 100% $0 30 N/A
University of Illinois - Springfield $13,249 100% $0 30 N/A
Choice 3 School:
University of Illinois Urbana-Champaign (Business) $18,236 100% $0 30 N/A
Private or Out-of State Schools:
Iowa State University $18,562 $11,386*** $7,176 30 N/A
Lake Forest College $35,525 $11,386*** $24,139 30 N/A
 

* 2010-2011 WAT for Choice 2 (University) prepaid tuition plans
** 2010-2011 WAT for Choice 3 (University +) prepaid tuition plans
*** 2010-2011 WAT for Existing University prepaid tuition plans (purchased prior to 2008-2009)

 
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