Illinois declares May 29, 2026, as 529 College Savings Day to raise awareness about college savings plans.
Illinois HR0783 declares May 29, 2026, as 529 College Savings Day to highlight the importance of saving for college through Illinois 529 College Savings Plans. These plans offer tax-deferred growth and tax-free withdrawals for qualified higher education expenses. The resolution emphasizes the benefits of these plans in mitigating student loan debt and supporting families in achieving academic and professional success. It also notes the 30th anniversary of 529 College Savings Plans in the U.S. and the 26th anniversary of Illinois' Bright Start and Bright Directions plans.
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