What is the Oregon College Savings Plan?
The Oregon College Savings Plan is a 529 College Savings Plan, sponsored by the state of Oregon, designed to help people in (and outside of) Oregon save for their education. Anyone who is a U.S. citizen or resident with a Social Security number or tax ID can open, or be the beneficiary of, a Plan account. Best of all, you can create an account online in just a few minutes with only $25 and there’s even a tax deduction for those who pay Oregon income tax.
Despite our name, you actually don’t need to use the funds saved in your account exclusively for college tuition. Funds can be used for any post-secondary institution that is accredited, meaning the school is eligible for federal financial aid. This can include university, college, community college, trade schools and graduate schools. Other qualified expenses for postsecondary educational needs, besides tuition, include things like books, computers, certain room and board, supplies and more. Learn more about our Plan, our investment options, and some of the benefits of having an account.