Small Investments Can Go a Long Way

A common misconception when it comes to saving for college is that you need to put away a significant amount of money every month to make a difference. While putting away as much as you can every month is ideal, that number looks a little different for everyone. Saving as little as $20 a month can still make a noticeable difference when it comes to helping your future student cover the cost of college.

Maximize Your Investment

There are a lot of ways you can make sure you’re saving as much as possible.
  • Automatic Investing Plan Choose to have a monthly amount funneled to your Bright Start 529 account. An automatic investing plan allows you the peace of mind to not have to mail a check each month. The funds can come directly out of your bank account each month, simplifying your savings process.
  • Lump Sum Contribute on your time and your comfort level with one-time deposits. You can make these contributions as often as you like. If your child receives birthday or holiday cash consider sending a check to deposit into your Bright Start account.
  • Roll Over Roll funds from an out-of-state 529 plan into your Bright Start 529 account to keep all your funds growing in the same place. And, Illinois taxpayers can earn an Illinois state income tax deduction.2
  • Payroll Deduction Choose to have your contribution taken straight from your pay check each pay period. Check with your employer for availability.