Benefits & Tax Advantages

Make the Oregon College Savings Plan a part of your savings strategy.

Many families hope to see their child or loved one graduate from college someday, but it takes more than hope to get there. The Oregon College Savings Plan is a 529 plan that can help your family get there.

Investing in education is a smart move and the tax advantages built into the Oregon College Savings Plan can make it an important part of your overall college funding strategy:

Tax Advantages

> See the Difference Tax Advantaged Savings Can Make.

Contributions and Any Earnings Used to Pay for Qualified Higher Education Expenses are Federal and Oregon State Income Tax-free.
The earnings portion of any distributions used to pay for qualified higher education expenses will be free from federal and Oregon state income tax.

You May Be Eligible for an Oregon State Tax Deduction
Contributions made to accounts in the Plan are deductible up to an annual limit. The deduction limit is indexed annually for inflation. For 2015, the total allowable annual state tax deduction for contributions made by the taxpayer to all accounts in the Network ("Network accounts"), including all accounts in the Plan, is $4,600 for taxpayers who file a joint return and $2,300 for all others. Recapture provisions apply. See the Disclosure Booklet for more details. Oregon law is unclear as to whether rollovers into the plan qualify for the deduction. Consult your tax advisor.

Federal Estate and Gift Tax Benefits
Contributions to the Oregon College Savings Plan may reduce the taxable value of your estate. For example, contributions to the Plan, together with all other gifts from the account owner to the beneficiary, may qualify for an annual federal gift tax exclusion of $14,000 per donor ($28,000 for married contributors), per beneficiary. If an account owner's contribution to an Oregon College Savings Plan account for a beneficiary in a single year exceeds $14,000 ($28,000 for married contributors), the account owner may elect to treat up to $70,000 of the contributions, or $140,000 for joint filers, as having been made over a period of up to five years for federal gift tax exclusion. Consult your tax advisor.

Flexible Features

Anyone May Open an Account
Parents, grandparents, relatives and friends who are U.S. citizens or resident aliens and at least 18 years of age may open an account and contribute to the Oregon College Savings Plan on behalf of a beneficiary. Oregon state residency is not required. However, investors residing outside of Oregon should consider their own state's plan first as it may have tax advantages that are only available through that state's plan.

Funds Can be Used at Eligible Schools Nationwide
Whether your beneficiary decides to go to a private or public college or university, in-state or out-of-state, trade or graduate school, funds in the account may be used at any eligible higher educational institution in the nation and many abroad.

Funds Can be Used for a Variety of Qualified Expenses
Funds can be used for tuition, mandatory fees, books, supplies, and equipment required for enrollment or attendance; certain room and board costs, certain expenses for "special needs" students.

Choice of Investment Portfolios

Choice of Investments
The Oregon College Savings Plan offers a choice of 15 investment portfolios so you can choose a portfolio or a combination of portfolios that best suit your needs.

Low Minimum Contribution
It's easy to open an account with the Oregon College Savings Plan. You have many ways to contribute and convenient ways to enroll. The minimum initial contribution is $25 per investment portfolio. If contributions are made via payroll deduction, the $25 initial contribution minimum is waived and the minimum contribution is decreased to $15 for both initial and subsequent contributions.

No Income Limitations
There are no income limitations.

High Maximum Account Contribution Level of $310,000
You can contribute as much as $310,000 per beneficiary account as long as the total balance of all accounts for that beneficiary does not exceed $310,000. Accounts that have reached the maximum account balance limit may continue to accrue earnings.

Ability to Transfer to Another Beneficiary
If your beneficiary does not attend an eligible educational institution, you may name another eligible beneficiary for your account. The new beneficiary must be a member of the previous beneficiary's family, as described in the Disclosure Booklet (PDF), in order to avoid having this change treated as a non-qualified withdrawal.

Low Plan Fees

With the Oregon College Savings Plan, there are no sales charges, start-up or maintenance fees. An annual asset-based management fee will be paid to TIAA-CREF Tuition Financing, Inc. to cover the cost of investment management and administrative services. This fee is computed at an annual rate of 0.17% of the average daily net assets of the Plan. For the services the Board provides to the Plan, the Plan pays to the Board an administrative fee of 0.05% of the average daily net assets of the Plan (excluding any assets in the Principal Plus Interest Portfolio.) The estimated underlying fund expenses range from 0.05% to 0.48%. Please note that the State of Oregon reserves the right to change the current fee and impose new or additional fees, expenses, charges or penalties in the future. For details on the management fee, please see fees and expenses.

Managed By A Leading Financial Services Provider

The State of Oregon selected TIAA-CREF Tuition Financing, Inc. to serve as plan manager for the Oregon College Savings Plan. TIAA-CREF Tuition Financing, Inc., is an affiliate of TIAA-CREF, a financial services organization with more than 90 years of investment experience. Visit TIAA-CREF.

Easy Access to Your Account

You'll have online access to your account information 24 hours a day, or you can call and speak to one of our college-savings experts Monday through Friday, 5:00 am - 5:00 pm PT. You'll receive quarterly and annual statements that show account activity. A separate confirmation statement will also be mailed following each transaction in your account.

You can also perform the following account transactions online: request a withdrawal from your account; rebalance funds among investment options, request E-statement versus paper delivery, establish or change automatic contributions and view pending account contributions.

Funds Can be Used at Eligible Institutions Nationwide

Whether your beneficiary decides to go to a private or public college or university, in-state or out-of-state, trade or graduate school, funds in the account may be used at any eligible higher educational institution in the nation and many abroad.

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Oregon 529 College Savings Network