Saving Money on College Tuition

[collegeillinois]

Hello all! Investing in a pre-paid tuition program is a way to purchase tuition at today’s prices for your young child. You can dodge inflation and set your child up for success by investigating this option. Please contact College Illinois if you have questions or would like personalized information about your options for plans and pricing. Here is some basic information to get you started: http://tr.im/tewB

[collegeillinois]

Also! Here is a good article from parenting.com to give you some foundational information about the differences between prepaid plans and 529 plans and the other options for saving for college: http://www.parenting.com/article/Mom/Work--Family/Saving-Toward-a-College-Fund

[Jill_at_StorkRadio]

I just heard about this a couple weeks ago and think that it is a great option. The question I have about it is what do you do if the kid doesn't want to go to school in the state that you have the account. Seems like a bit of a risk to me.

[collegeillinois]

Hi Jill-- This is a common concern regarding prepaid and 529 plans. Most organizations that offer these types of investments have a few constraints as to what school will accept the tuition money. Most have similar offerings and possibilities as our organization, College Illinois. Here is a link to the FAQ section of our website that addresses this topic: http://bit.ly/9vZb7. Thanks!