SALEM, OR — The Oregon College Savings Plan released its second quarter investment returns today.
The plan is sponsored by the state and is designed to help parents save for college.
Executive Director Michael Parker says that the program is designed to maximize benefits for those who invest.
“Everything in the plan grows state and federally tax-free, so there’s tax free growth,” Parker says. “And on top of that, we offer an annual state tax deduction on your contributions each year.”
The Oregon College Savings Plan earns revenue by charging fees, but Parker says even those fees are minimized to parents save.
“The lower your fees are, the better your returns are. So we’re trying to make sure we keep those fees low and keep those returns as solid as we can.”
Parker adds that parents can set up, make contributions, and manage their college savings plan online.
For information on how to enroll, visit www.OregonCollegeSavings.com.
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