WREX.com – Rockford’s News LeaderYear-round enrollment starting for state's college tuition program

Year-round enrollment starting for state's college tuition program

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.

 "While we have experienced some short-term market fluctuations like most everybody, our investment strategy is long-term and ‘mutualizes the risk.'  Our cash on hand is more than adequate to pay out benefits, and our actuarial assumptions are very, very conservative," said ISAC Executive Director Andrew Davis. "Unlike some of the other states, we have never stopped selling the plan, and we will be moving to year-round enrollment with our November 1 launch."

The College Illinois! program helps families start saving for their child's education right after birth, to help offset the rising costs of college. It locks in the current tuition rates.

To date, more than 66,000 people have enrolled in the program.

To enroll call toll-free at (877) 877-3724 or click the link to the left of this story.