College Savings Plans in Illinois
(Terry: I read your December 8, 2013 article on College Savings Plans in Illinois and I completely understand your position on the Bright START Savings Plan, however, is your position on the Bright DIRECTION Savings Plan the same?
Terry Says: Bright Direction is basically the same plan — only sold by brokers, who receive a commission for taking the time to explain it to you and help you make appropriate investment choices !
The best comparison tool for college savings is at www.SavingforCollege.com. Here are direct links to both plan explanations:
http://www.savingforcollege.com/529_plan_details/?page=plan_details&plan_id=149
http://www.savingforcollege.com/529_plan_details/?page=plan_details&plan_id=16