Illinois State Treasurer Michael Frerichs announced that Illinois’ Bright Start 529 College Savings Plan has again earned top rankings from Morningstar, keeping the plan among the best in the nation. Morningstar independently evaluates and rates college savings plans annually, assigning each rated plan a Morningstar Analyst Rating of Gold, Silver, Bronze, Neutral, or Negative. Bright Start is 1 of only 5 Gold-rated 529 plans in the country. In its review, Morningstar identified Bright Start as a “Valedictorian,” and as a standout plan offering “exceptional state stewardship of investor capital and well-constructed portfolios managed by competent investment teams.” The announcement marks the sixth time that Bright Start won Gold since Frerichs’ revamped the plan in 2017. In the state profile, Morningstar recognized Illinois as a strong advocate for college savers, and for effectively acquiring the features families need, as evidenced by its new investment manager. Morningstar also noted Illinois’ generous $20,000 annual deduction on state income taxes for couples filing jointly. Bright Start is a 529 College Savings plan that can be used at eligible educational institutions, including public and private schools; two-year and four-year colleges and universities; technical and vocational schools; and registered apprenticeship programs. The investment grows tax-free when spent on qualified expenses. For more information about the Treasurer’s Office 529 College Savings programs, visit www.illinoistreasurer.gov.