Beginning January 1, 2021, every child born or adopted in Illinois will get $50 deposited in their college savings account or 529 plan. That deposit is part of a new law, which introduces the Illinois Higher Education Program. Financial experts say the cost to attend college keeps going up five to six percent every year, so state legislators hope this law will combat those rising college tuition prices. Lawmakers hope it will also remind parents to contribute to their child’s college fund starting at birth. #collegefundforillinoischildren,
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