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Utilize the Bright Start 529 plan for college savings. Pay for tuition, supplies, room and board. Enjoy low fee investments plus state & federal tax benefits.
Illinois wants to help all families save for college. Illinois First Steps provides a free, one-time $50 seed deposit for Illinois residents when they open a Bright Start 529 account for a child born or adopted on January 1, 2023 or later.
For more information about the Bright Start Direct-Sold College Savings Program, call 1-877-432-7444 or click here for a Plan Description which includes investment objectives, risks, charges, expenses, and other important information. Read and consider it carefully before investing.
That’s why I’m proud to announce that our Bright Start Direct-Sold 529 College Savings Plan will undergo some exciting changes this July, offering you even more great ways to plan for your child’s future. Here’s what you can expect from the enhanced plan: Lower Costs.
Illinois First Steps helps families jump start their college savings with a $50 seed deposit. Children born or adopted on or after January 1, 2023 to parents or legal guardians who are residents of Illinois at the time of birth or adoption can claim a $50 seed deposit through Bright Start or Bright Directions.
Start saving for your child’s future with Bright Start—a customizable college savings plan that can help you save on Illinois taxes. Illinois State Treasurer Michael Frerichs takes pride in helping Illinois families save for the future.
Parents will need to re-establish their online account access at BrightStart.com or via the new Bright Start 529 mobile app, and they’ll need to update payroll instructions with employers.