Some fees eliminated from popular Illinois college savings plan

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Tuesday, October 6, 2015

CHICAGO (WLS) -- There's now a break for parents working to save money to send their children to college.

The state treasurer has reached a deal that eliminates some fees for the popular Illinois Bright Directions College Savings Plan.

A $10 set-up fee and $3 quarterly maintenance fee are now gone, and management fees have been slashed by 43 percent.

This will affect more than 104,000 accounts starting November 15.