2015

New Contract Eliminates Set-Up and Maintenance Fees Total Savings Nears $3.6 Million SPRINGFIELD — Illinois Treasurer Michael Frerichs announced today a newly negotiated contract that eliminates set-up and maintenance fees for families saving for college through Illinois’ Bright Directions 529 plan. Investors would have saved nearly $3.6 million had the deal been in place last year. Frerichs was sworn in as Treasurer in January. “A college education opens doors that otherwise would remain locked. That is why we must do everything possible to make higher education affordable for Illinois families,”…

**MEDIA ADVISORY** MACOMB — Illinois Treasurer Michael Frerichs will visit the campus of Western Illinois University to meet with students, university and college officials and urge Governor Bruce Rauner and the Illinois General Assembly to approve the Monetary Award Program (MAP grants) for the hundreds of thousands of students that rely on it to pay for their higher education. A news conference will be held on Monday, September 14 at 2:30 p.m. at Western Illinois University, University Services Building, 320 W. University Dr., Macomb, IL 61455. WHO: Michael Frerichs, Illinois…

NORMAL — Illinois Treasurer Michael Frerichs today urged Governor Bruce Rauner and the Illinois General Assembly to approve tuition assistance to students and relieve the financial uncertainty of nearly 130,000 middle class families who budgeted the financial aid into their payment plan. The financial aid helps pay for tuition and fees that typically are due before classes start. Frerichs called for action because students still are waiting for the tuition assistance even after classes have begun. Short-changing students and universities needlessly injects uncertainty into the business community. Employers look to…