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Oregon College Savings Plan

4 / 5

Our rating

Good OR resident benefits

OR resident benefits

The Oregon College Savings Plan (OCSP) features enrollment-based and static portfolio options diversified across several industry-leading mutual funds, and overseen by independent experts dedicated to maximizing the value of your investments. OCSP offers a Social Choice Balanced fund, as well as an FDIC-Insured Option. Oregon residents may enjoy a refundable state tax credit for contributions to the plan.

Oregon College Savings PlanHonors

KEY METRICS

OVERVIEW

Program type

Savings

Inception

2001, but substantially changed in September 2018.

State agency

Oregon 529 Savings Board, chaired by State Treasurer

Tax deduction

For single filers: None

For joint filers: None

Program manager

Vestwell.

Program distributor

The Oregon 529 Savings Board

Manager contract term

MORE INFORMATION

Eligibility

State residency requirements:

None

Who can be a participant/owner in the program?

U.S. citizens and resident aliens at least 18 years old, emancipated minors, UGMA/UTMA custodians, and legal entities.

Significant time or age restrictions imposed by the program:

None.

Contributions

Maximum contributions:

Accepts contributions until all account balances in the program for the same beneficiary reach $400,000.

Minimum contributions:

The minimum initial and subsequent contribution is $25 per investment portfolio. Subsequent contributions must be at least $5 per investment portfolio. With the automatic investment plan, the minimum contribution level is $5 per month. With automatic payroll deductions, the minimum contribution level is $5 per investment portfolio per pay period.

Does the program offer an e-gifting platform for receiving gift contributions?

Yes. Account owners can set up a customized gifting page which creates a URL link that can be shared with family and friends. This URL link can then be used to make digital contributions to an account.

SPONSORED

Other great plans to consider

You are not limited to your own state's 529 plan, so compare the plan and tax benefits offered by your state to other options. Here are some plans that are available to residents of any state and have earned awards in our 529 Plan Ratings:

Investment Options

Investors in Oregon College Savings Plan can select from the following investment options. Click on a portfolio name for more information.

The College Enrollment Year Investment Option offers portfolios designed for the anticipated year of enrollment at college in one-year increments. In each portfolio, investments are moved automatically to progressively more conservative investments as the beneficiary approaches the targeted year of college enrollment. Each portfolio invests in one or more underlying funds managed by Dimensional Funds or Vanguard.
PortfolioE.R. % Equity1yr performance
Enrollment Year 20190.29%0%4.96%
Enrollment Year 20200.29%0%5.07%
Enrollment Year 20210.29%0%5.1%
Enrollment Year 20220.28%0%5.32%
Enrollment Year 20230.27%5%5.78%
Enrollment Year 20240.26%10%6.08%
Enrollment Year 20250.24%17.5%6.45%
Enrollment Year 20260.24%25%6.44%
Enrollment Year 20270.24%33.83%6.32%
Enrollment Year 20280.24%41.33%6.24%
Enrollment Year 20290.24%47%6.2%
Enrollment Year 20300.24%52%6.24%
Enrollment Year 20310.24%57%6.33%
Enrollment Year 20320.24%62%6.44%
Enrollment Year 20330.24%65.2%6.47%
Enrollment Year 20340.24%68.6%6.53%
Enrollment Year 20350.24%72%6.64%
Enrollment Year 20360.24%76%6.72%
Enrollment Year 20370.24%80%6.77%
Enrollment Year 20380.24%83%6.79%
Enrollment Year 20390.24%86%6.81%
Enrollment Year 20400.24%88%6.84%
Enrollment Year 20410.24%90%6.86%
Enrollment Year 20420.24%90%6.81%
Enrollment Year 20430.24%90%N/A

Age-based/Enrollment Year investment options:

The College Enrollment Year Investment Option offers portfolios designed for the anticipated year of enrollment at college in one-year increments. In each portfolio, investments are moved automatically to progressively more conservative investments as the beneficiary approaches the targeted year of college enrollment. Each portfolio invests in one or more underlying funds managed by Dimensional Funds or Vanguard.

Static investment options:

Select among 9 multi-fund portfolios, 4 single-fund portfolios, and the FDIC-Insured Option.

Underlying investments:

American Beacon, Champlain, Dimensional Funds, DoubleLine, LSV, MetWest, TIAA, T. Rowe Price, and Vanguard

Underlying fund allocations:

Portfolio Fees & Performance Lookup

Fees & Expenses

Enrollment or application fee:

None.

Account maintenance fee:

$10 annually, waived for accounts that have elected electronic delivery of all documents.

Program management fees:

0.20% state administrative fee

Expenses of the underlying investments:

Ranges from 0.020% to 0.453% (portfolio weighted average). None for the FDIC-Insured Option.

Total asset-based expense ratio:

0.20% - 0.65%

Taxes and other Benefits

Tax deduction for single filers:

None

Tax deduction for joint filers:

None

Note:

Oregon doesn't offer tax deductions

Program match on contributions:

The Oregon Baby Grad Program will provide a one-time contribution of $25 to families that open an Oregon College Savings Plan account by their child's first birthday. The child must be an Oregon resident. Under the Kinder Grad incentive program, when an Oregon College Savings Plan account is opened for an Oregon kindergartener who doesn't already have an account, $25 will automatically be deposited to the account within three months. The Oregon Scholars program allows the Oregon College Savings Plan to partner with state colleges and universities to offer incentives to Oregonians saving for education. Partnering universities reward savings by offering additional cost savings when attending their schools.

State tax deduction or credit for contributions:

Oregon taxpayers are eligible to receive a state tax credit for contributions to accounts of up to $180 ($360 if filing jointly). The amount the taxpayer must contribute to get the full credit increases based on the taxpayer's income. The tax credit provides the same maximum credit to all Oregonians who are saving for college, community college, trade school, or any other post-secondary education.

State tax recapture provisions:

The principal portion of nonqualified withdrawals from this plan are included in Oregon taxable income to the extent of prior Oregon tax deductions. Rollovers are not subject to recapture. K-12 distributions will be subject to state tax recapture if a deduction is claimed. Tax deductions received on K-12 withdrawals will be calculated into the amount owed the state for the current tax year. Also, any earnings tied to the K-12 withdrawal will count also as state taxable income.

State definition of qualified expenses

The state's definition of qualified education expenses currently includes expenses for attendance at an institution of higher education as defined by the Internal Revenue Code and its regulations addressing qualified state tuition programs. This does not include tuition for elementary or secondary education. Distributions from a 529 account directly to a Roth IRA are considered a qualified expense for state income tax purposes.

State tax treatment of qualified distributions:

Qualified distributions from Oregon and non-Oregon 529 plans are exempt.

State tax treatment of rollovers:

Oregon follows federal tax-free treatment.

Does the sponsoring state exclude the value of an account for state financial aid purposes?

No

Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?

No

Is there a rewards program or outside scholarship program that works with this program?

Yes, the Upromise Rewards program can be linked to any 529 college savings plan. Upromise Rewards is free to join and offers members cash back for college.

Statutory protection of an account from creditors:

Distributions & Terminations

To whom are distributions made payable:

Eligible educational institution, beneficiary, or account owner, as directed by the account owner

Account Changes

Policy regarding participant/owner changes:

Accepts requests to transfer account ownership.

Documents, Access & Reporting

Does participant have online password-protected access to account?

Yes

Can the complete enrollment process including funding be done online?

Yes

Documents and other services accessible or downloadable on the program's public Web site:

Contact

Website:

http://www.oregoncollegesavings.com

Telephone:

1-866-772-8464

Twitter

https://x.com/OregonCSP

Social Media

A good place to start:

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