SPRINGFIELD, Ill. – To continue his efforts to make higher education more accessible, state Rep. Justin Slaughter, D-Chicago, recently supported legislation to create a college savings program for all newborn Illinois residents.
“We must invest in our children and ensure that they have access to quality education,” said Slaughter. “Creating college savings accounts for all newborn Illinoisans will create a financial base to afford college and make pursuing higher education a true possibility, not just a dream.”
The Slaughter-backed House Bill 2237 creates the Illinois Higher Education Savings Program, providing a savings account for every child born in Illinois or born to Illinois residents. Starting with an initial deposit from the state, the account would accrue interest until the child is old enough to attend college.
“Starting a savings account for college is a significant step on the path toward a bright future,” said Slaughter. “Earning a college degree opens up a world of opportunities that allow students to positively impact their community and their state.”
For more information, please contact Slaughter’s constituent service office at 773-445-9700 or Justin@RepSlaughter.com.