Insiders Got Early Notice for Bright Start College Savings Program - New York News | NYC Breaking News

Insiders Got Early Notice for Bright Start College Savings Program

People with connections to the Illinois treasurer's office received early notice of a limited offer through Bright Start that added cash to college savings accounts, giving them an edge over thousands of people who were shut out of the deal.

Treasurer Dan Rutherford tells the Chicago Tribune that early word was sent out solely as a promotion because officials weren't sure the new offer would be popular. Rutherford says it was a mistake that won't happen again.

The offer was for the Bright Start savings program. People could deposit up to $250 and have that money matched by the firm running the program.

The program's 2,500 spots were filled before many people even learned of the offer.