Illinois' Bright Start Saving Program to Refund Unmatched Funds - New York News

Illinois' Bright Start Saving Program to Refund Unmatched Funds

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Illinois families in the Bright Start college savings program can get refunds if they missed out on a special promotion earlier this month.

The promotion offered a matching contribution if $250 was invested in the month of June, but it was limited to the first 2,500 families.

Due to a glitch in the site , more than 7,000 people contributed thinking they’d get the matching funds, but unknowingly missed out.

State Treasurer Dan Rutherford said those families can now get their $250 back without being penalized or taxed.

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