Illinois State Treasurer’s Office News Releases
Treasurer Frerichs Encourages Families to Save for College, Receive Free Admission to Peoria PlayHouse Children’s Museum Saturday, April 6
SPRINGFIELD — Illinois State Treasurer Michael Frerichs is partnering with the Peoria PlayHouse Children’s Museum for a free admission day to encourage families to start saving early for college. “The best time to start saving for college is yesterday,” Frerichs said. “The second-best time to start saving is today.” The State Treasurer’s Office and Peoria PlayHouse are promoting Illinois 529 college savings plans. If a child knows they have a college savings plan, they are three times more likely to attend college. The free admission day will take place from…
April 2, 2024 – Treasurer Frerichs Encourages Families to Save for College, Receive Free Admission to Peoria PlayHouse Children’s Museum Saturday, April 6
Read MoreApril 2, 2024 – Treasurer Frerichs Encourages Families to Save for College, Receive Free Admission to Peoria PlayHouse Children’s Museum Saturday, April 6
Illinois State Treasurer Michael Frerichs Pushes for Law Allowing Leftover College Savings Funds to Be Used for Retirement Savings
CHICAGO – Illinois Treasurer Michael Frerichs today urged state lawmakers to approve a bill that would allow parents who don’t use all the money in their Illinois 529 College Savings Accounts (Bright Start and Bright Directions) to roll over the funds into a Roth IRA. “One of the most common questions we get is what can you do with the Bright Start money you have saved if your child ends up not going to college, gets a scholarship, or you have leftover money,” Frerichs said. “This will give parents another…
Illinois State Treasurer Michael Frerichs Honors Illinois Leaders During Women’s History Month
CHICAGO — Illinois State Treasurer Michael Frerichs today hosted a celebration to highlight the achievements of women in Illinois. This year’s theme for Women’s History Month is “Women Who Advocate for Diversity, Equity, and Inclusion.” The event, which was held at the state government building at 555 W. Monroe St., honored eight women for their contributions to their communities: a tech sales director, a nonprofit founder, a food pantry director, a school superintendent, a state senator, a labor leader, a spinal cord injury nonprofit founder, and an alderperson. “Today, we…