The Illinois First Steps Program provides a one-time $50 contribution to help start a 529 College Savings Plan for children living in Illinois. While small, it’s designed to encourage families to begin saving early, and regular contributions over time can grow into a significant college fund.

Millions of Americans carry student loan debt, and navigating repayment or relief programs can feel overwhelming. Federal programs exist to reduce debt for borrowers based on income and loan type. Understanding your options and taking proactive steps can make a real difference.

President Joe Biden announced on Wednesday, August 24, 2022, that a student loan forgiveness plan would go into action this year for federal loan borrowers.