ISAC Student PortalCollege Illinois!® 529 Prepaid Tuition Program Partners with Wolves Hockey
Friday, March 05, 2010
Baby derby March 7, Chris Chelios wall cling giveaway March 13 offer chances to learn about prepaid college tuition
CHICAGO — The College Illinois! 529 Prepaid Tuition Program has partnered with the Chicago Wolves to put fears about how to pay for college on ice, offering Wolves hockey fans the chance to learn about how to save for college the prepaid way at two upcoming events March 7 and 13.
“Our involvement with a family-friendly organization like the Wolves allows us to reach families with our message of starting early on saving for college while locking in tuition prices,” said Andrew Davis, executive director of the Illinois Student Assistance Commission, which administers the program. “Chicago is the new ‘hockey town,’ and the Wolves and their fans are a big part of that. We invite them to learn about the prepaid tuition advantage by visiting our Web site, http://www.529prepaidtuition.org/.”
The College Illinois! 529 Prepaid Tuition Program and Jewel-Osco present the Chicago Wolves 12th annual “Baby Derby” during the first intermission of their game Sunday, March 7, versus the Lake Erie Monsters at 3 p.m. Five babies, ages 10 to 12 months, were chosen in a random drawing to crawl from start to finish on a five-lane mat at center ice. The baby to cross the finish line first will win his or her family a three-night resort getaway.
The following Saturday night is College Illinois! 529 Prepaid Tuition Program Night at Allstate Arena, as the Wolves play host to the Houston Aeros at 7 p.m. The first 5,000 fans to enter the arena will receive a Chris Chelios wall cling compliments of the College Illinois! 529 Prepaid Tuition Program. Fans will also have the chance to find out more information about prepaid tuition from representatives stationed on the concourse.
Join the College Illinois! 529 Prepaid Tuition Program mascot, Rex, at the Wolves Saturday Fun Fest located at the Allstate Arena Skyline Room prior to the March 13 game from 5 p.m. to 6:30 p.m.
The Chicago Wolves are an American Hockey League franchise and the top affiliate of the National Hockey League's Atlanta Thrashers. The team has captured four league titles in its 16-year existence, most recently the 2008 Calder Cup. More than 5 million fans have enjoyed Wolves hockey at the Allstate Arena, and the club is the only AHL organization to televise all 80 games, along with every playoff contest, live each season.
Administered by the Illinois Student Assistance Commission, the College Illinois! 529 Prepaid Tuition Program is a secure college funding option because benefits do not fluctuate with the stock market. Since the program’s inception in 1998, more than 66,000 prepaid tuition contracts with a value of more than $1.6 billion have been purchased. The program’s Trust Fund is managed by professional money managers, subject to oversight by the program’s Investment Advisory Panel and the Illinois Student Assistance Commission.
More about College Illinois! 529 Prepaid Tuition Pricing and Plans
Introduced in 2008, SmartChoice tiered pricing makes plans even more affordable than ever before by providing three distinct price and benefit levels (Community College, University and University+) with different payment options. The plans are completely flexible and let the purchaser choose a pricing option that best matches their financial needs and realities. Combination plans including four semesters at a community college and four semesters at a university level are also available. Various payment options include monthly and annual installments and multiple down payment levels. In addition, program beneficiaries can choose to attend college anywhere because benefits can be used outside of the state at public and private institutions nationwide.
Upon purchasing a contract, Illinois taxpayers can annually deduct up to $10,000 per individual or $20,000 for married couples filing jointly, and all plan earnings are exempt from state and federal taxes. Neither ISAC nor the College Illinois! 529 Prepaid Tuition Program can provide legal or tax advice. Please consult a professional tax advisor concerning federal and state tax implications before purchasing a contract.
To enroll in the College Illinois! 529 Prepaid Tuition Program, visit http://www.529prepaidtuition.org/, or call (877) 877-3724 for program information, materials and enrollment guidelines.
About the Illinois Student Assistance Commission:
The Illinois Student Assistance Commission provides students of all ages and backgrounds with the resources and support to obtain financial aid for higher education. A state agency, ISAC has paved the path to post-secondary education with innovative programs for more than 50 years. Last year alone, ISAC continued its mission to make college accessible and affordable for Illinois students by issuing over 186,000 grants and scholarships totaling nearly $431 million.
The Commission provides educational funding with student loans, as a loan guarantor and via numerous public programs such as the Monetary Award Program (MAP), the Illinois Veteran Grant and the College Illinois!® 529 Prepaid Tuition Program. Students and families have free access to a wealth of financial aid and college planning information at ISAC’s family of websites available at http://www.knowhow2goillinois.org/ and http://www.529prepaidtuition.org/.
*Please see Master Agreement and Disclosure Statement for more details. The College Illinois!® 529 Prepaid Tuition Program cannot provide purchasers with any legal or tax advice. Purchaser should consult their own tax advisor concerning federal and state tax implications of purchasing a contract.
Contact
Illinois Student Assistance Commission (ISAC)
100 W. Randolph Street, Ste. 3-200
Chicago, IL 60601
312.814.3679
