Bright Start Illinois Login

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Last Updated: May 28, 2022

The Bright Start Direct-Sold College Savings Program is sponsored by the State of Illinois and administered by the Illinois State Treasurer, as Trustee. Union ...

brightstart.com
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Brightstart.com

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FAQs

1

How does Bright Start 529 work?

When it comes time to use your 529 plan for qualified expenses, withdrawing funds is simple. Money from your Bright Start account can be paid directly to you as the account owner, directly to the beneficiary, to the account owner's bank account, or to an eligible educational institution.
2

Is Bright Start Illinois a good plan?

Bright Start has been rated as one of the top 529 plans in the nation. Since 2017, Bright Start has earned a Gold medal from Morningstar – the highest consumer rating given to college savings programs.
3

What is the maximum contribution to Bright Start?

In general, this rule allows you to contribute up to $80,000 for each beneficiary in a single year without federal gift tax consequences—provided that you make no other gifts to the beneficiary in the same year or in any of the succeeding four calendar years.
4

How do I access my 529 account?

In most cases, it's easy to request a withdrawal. You can call your plan administrator, make a request online, or submit a withdrawal request form. The plan can send withdrawals by check to the account owner, the beneficiary, or the school.

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Contributions to an Illinois 529 plan of up to $10,000 per year by an individual, and up to $20,000 per year by a married couple filing jointly, are deductible ...

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... made to the “Bright Start” program, the "College Illinois" Illinois Prepaid Tuition Trust Fund, or the "Bright Directions" program during the tax year.

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The Illinois Treasurer serves as Trustee of Illinois' two 529 College Savings Plans. ... Bright Start Advisor. Bright Directions. Bright Start Direct.

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University of Illinois Payment Center Student A/R 28393 Network Place Chicago IL 60673-1283. Please Note: Do not send Scholarship checks to this address.

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BrightStart 529 College Savngs. Bright Start 529. This Illinois-based plan is Morningstar* Gold-rated and offers low-cost investment options from respected ...

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No annual account fees or minimums when you open a 529 account. Ready to start saving for college? Some states offer favorable tax ...

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By Fernando Diaz, Chief Financial Product Officer, Illinois State Treasurer April 5, 2022 Haz clic AQUÍ para ver el blog en español. Starting college is an ...

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Date Published: May 28, 2022

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