Different plans are available and can be purchased with a lump-sum payment or monthly installments. Contributors can purchase from one semester up to nine semesters, and benefits can be used at any community college and university, public and private, in the nation.
Once a plan is purchased, anyone — grandparents, relatives, family friends — can make a payment on behalf of the beneficiary.
Senator Brady says since the program was established in 1997, more than 57,000 contracts, representing 179,890 years of prepaid college, have been purchased.
Information and applications are available by visiting collegeillinois.com or by calling toll free at 1-877-877-3724.