HB4156

Illinois HB4156 amends the State Treasurer Act to expand the College Savings Pool to include trade schools and elementary or secondary public.

HB4156 amends the State Treasurer Act to expand the definition of eligible educational institutions in the College Savings Pool to include trade schools and elementary or secondary public, private, or religious schools. The bill also specifies that qualified expenses for designated beneficiaries can include tuition, fees, and costs of books, supplies, and equipment for these institutions. Additionally, it allows for certain expenses related to computer or peripheral equipment, Internet access, apprenticeship programs, room and board, and qualified education loans.