Bright Start (Direct-Sold)
The Bright Start Direct-Sold College Savings Program in Illinois offers unique features to help families save for education expenses. Managed by the Illinois State Treasurer's Office and Union Bank & Trust Company, this plan provides a range of investment options, including age-based portfolios and individual fund choices, allowing for customization based on risk tolerance and investment preferences. It stands out with its low investment minimums, making it accessible to a wide range of investors. The plan also offers potential state tax benefits for Illinois residents, including income tax deductions on contributions, providing additional incentives to save for education. Moreover, the Bright Start Direct-Sold College Savings Program offers easy online account management.
EnrollState Tax Incentive
$10,000 single / $20,000 joint beneficiary
Program Manager
UBT
Investment Manager(s)
Vanguard, Blackrock, Fidelity, DFA, Invesco
Plan type
Direct
Investments
Guided Investments
age-based
ESG Investments
No
Avg. expense fee
0.135%
Fee Range
0.10%-0.39%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
88%
for IL residents
61%
non-residents
Saving For College
Unbiased, independent resource for parents.
5
for IL residents
4.5
non-residents
Morningstar Rating
Once a year, the financial services firm Morningstar releases its 529 ratings.
Other
Connect with Mint.com
Track your finances in one place.
No
Connect with Backer
Full end to end enrollment, gifting and plan management.
Enrollment
Mobile app
Backer App covers this plan.
No
General Recommendation
This is a direct sold 529 plan, rated as silver by Morningstar.
