College Illinois! is a 529 Prepaid Tuition Program that allows families to pay for tuition at current rates in order to avoid future tuition inflation. The plan covers tuition and mandatory fees. Students are responsible for any housing, meals or any other non tuition related fees incurred. The College is required to report to College Illinois! the student’s course credit hours as of the end of the first week of each semester. If a student drops or adds hours after this date, College Illinois! will not reduce or increase the number of credit hours available from the student’s College Illinois! account.
Each College Illinois! semester is equivalent to 3.75 course credits. Using additional credits during any one semester may reduce the credits available in future years.
Each student has the right to choose how many course credits Monmouth College reports to College Illinois!. For example, if a student is enrolled in 4 course credits but wants only 3.5 course credits reported to control the availability of future credits, Monmouth College will report 3.5 course credits for the semester.
A $15 processing fee will be deducted from the payment made for the student’s first semester at Monmouth College.
Upon enrollment, students must notify Monmouth College of their intent to use College Illinois! benefits.
For more information regarding College Illinois! please navigate to: www.collegeillinois.com