How do I make withdrawals from my account?
It’s easy to make withdrawals from your account online. You can withdraw as little as $5 each time and transfer that money into any bank account linked to your Oregon College Savings Plan account. If you have more than one investment, you can also decide which investment you’d like to pull money from.
If you want to pay an eligible education institution, you can also have checks directly made out to them to pay a bill or tuition online or by using our Withdrawal Form (PDF).
Note, any money withdrawn from your account should be used for qualified expenses.*
*Earnings on non-qualified withdrawals are subject to federal income tax and may be subject to a 10% federal penalty tax, as well as any applicable state and local income taxes. And note, if you’re using your account funds to pay for K-12 education, there are Oregon state tax implications. The availability of tax or other benefits may be contingent on meeting other requirements.