USING BENEFITS
Payout rates to private institutions or schools located outside Illinois for 2023-24
Payout rates to private institutions or schools located outside Illinois are determined each year just before the school year begins. Rates vary for the different types of prepaid tuition plans. The amounts paid to a private or out-of-state college for the 2023-24 school year are:
Semester Institutions: | |
Community College or Choice 1 Community College: | $165.17 per credit hour |
University (plans purchased prior to 2008): | $560.57 per credit hour |
Choice 2 (University): | $514.90 per credit hour |
Choice 3 (University Plus): | $663.47 per credit hour |
Quarter Institutions | |
Community College or Choice 1 Community College: | $110.11 per credit hour |
University (plans purchased prior to 2008): | $373.71 per credit hour |
Choice 2 (University): | $343.27 per credit hour |
Choice 3 (University Plus): | $442.31 per credit hour |
College Illinois! does not issue a payment for tuition and fees until the school sends the Program an itemized bill after each semester begins. Payments to schools typically take 30-45 days to process after schools submit a tuition bill.