College Illinois! is closed to new enrollments.

Payout rates to private and out of state schools for the 2025-26 school year are now available.

Learn More

Payout rates to private and out of state schools for the 2025-26 school year are now available.
College Illinois! is closed to new enrollments.
Payout rates to private and out of state schools for the 2025-26 school year are now available.

Tax Advantages

On a state level, any increased value of a College Illinois! prepaid tuition plan is 100% exempt from Illinois State income tax if used for qualified higher education expenses. Contributions may also be deducted from Illinois State income up to $10,000 ($20,000 per couple) in the year that you contribute.

On a federal level, benefits include 100% tax-exempt earnings and a gift giving tax exemption.

College Illinois! cannot provide you with legal or tax advice. Please consult your tax advisor concerning Federal and State tax implications.

Additional information is available in the College Illinois! Disclosure Statement and Master Agreement and Publication 970 Tax Benefits for Education from the Internal Revenue Service.