The state's "College Illinois" program returns with a discounted rate for new participants.
The program temporarily suspended sales last September to address concerns raised by contract holders, legislations and in the media.
The system has since been changed, with Illinois Governor Pat Quinn nominating a new commission and other staff changes were also made. Right now contracts are being offered at the 2011 rates until the end of the year.
"Because we're able to offer this particularly low rate - as little as $42 a month - through the end of 2012, we're encouraging families to consider purchasing a College Illinois! contract now for their children or grandchildren," said Eric Zarnikow, Executive Director of the Illinois Student Assistance Commission, which oversees the program. "There has never been a better time to invest in your child's future."
The program, which started in 1997, has 52,000 active participants and has served tens of thousands of families statewide since it began.
A child born today is projected to incur college costs of $180,000 at a four-year public university.
For more information on the program, visit www.529prepaidtuition.org or call 877-877-3724.
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