Savings Plan Announced

Staff Report

Chicago Sun-Times, Chicago, IL

Published Wednesday, January 2, 2008

Illinois’ treasurer will roll out a new credit card program today that lets parents contribute to a college fund with every purchase using the card.

Alexi Giannoulias is pitching it as a way to save while maintaining your spending levels – not as an excuse to increase spending.

The card is for people enrolled in the state’s Bright Start College Savings Program, a tax-free savings effort known as a 529 plan.

With the new Bright Start Futuretrust Savings Program, a 1 percent rebate of purchases gets deposited in the savings fund to be used later for college tuition, Giannoulias said.

  
     
 
Back to In the News
 
     

Employ Illinois gives business owners access to capital to start or enhance their businesses with the help of low- interest rate loans.

Opportunity Illinois backs low-interest loans to consumers and community development agencies to improve the quality of life in Illinois.

Cultivate Illinois helps farmers offset the rising cost of farming and encourages green business development.
Money Market and Prime Funds allow local government entities to pool their investments to gain a higher rate of return for their residents.
Online bill paying gives people with busy schedules a quick and convenient way to pay government bills and fees.