The Illinois Lottery has introduced Cash 4 College, a new $2 scratch-off ticket that offers full-tuition and mandatory fee college payment contracts for five top prize winners. The tickets are available at Illinois Lottery retailers across the state and the game offers additional cash prizes.
“We love to make dreams come true, and this ticket will help fulfill the dream of continued education without the stress of determining how the tuition will be paid,” says Tracy Owens, the Lottery’s Communications Manager.
The tuition contracts are purchased from the College Illinois! Prepaid Tuition Program, a state-sponsored plan that allows purchasers to lock in the cost of tuition at a pre-determined rate. Beneficiaries will have many school options to choose from since the benefits can be used at most public and private colleges and universities nationwide, with the biggest benefit coming from use at Illinois public institutions. Top prize winners of the Cash 4 College scratch-off ticket will have the Illinois Lottery purchase the payment contract on their behalf.
“This ticket is not only for parents,” adds Owens. “This ticket is also great for grandparents, aunts, uncles, godparents, or anyone who wants to provide a gift to a loved one to relieve some of the pressures of getting through college.”
Winners from the ticket also have the option to receive a $20,000 cash payment if he or she does not know of a beneficiary for the tuition payment contract. The maximum value of full-tuition contracts mature after three years.