Join Upromise Today

Earn cash back reward on things you do every day with Upromise. Your Upromise account can link to any 529 plan to help you save more money. Join now for free.

Oregon College Savings Plan

The Oregon College Savings Plan features enrollment-based and static portfolio options utilizing mutual funds from a variety of fund families and an FDIC-Insured Option. Sumday Administration, LLC succeeded TIAA-CREF as program manager of the Oregon College Savings Plan on September 10, 2018.

Fee Score

4.5 / 5

Performance

3 / 5
  • Program type
    Savings
  • Inception
    2001, but substantially changed in September 2018.
  • State agency
    Oregon 529 Savings Board, chaired by State Treasurer
  • Tax deduction
  • Program Manager
    Sumday Administration, LLC
  • Program distributor
    The Oregon 529 Savings Board

Ratings & Rankings

Our overall rating for OR residents

This is a program that offers outstanding flexibility, attractive investments, and additional economic benefits (such as generous state tax incentives) that for some people, at least, will provide a substantial boost to their savings. There are few, if any, weaknesses noted in the program.

Our overall rating for non-residents

This is a program that offers outstanding flexibility, attractive investments, and additional economic benefits (such as generous state tax incentives) that for some people, at least, will provide a substantial boost to their savings. There are few, if any, weaknesses noted in the program.

SAVING FOR COLLEGE’S 5-Cap Ratings provides an evaluation and comparison of 529 plans, utilizing a formula that examines dozens of factors grouped into the following categories.

Eligibility

State residency requirements:

Who can be a participant/owner in the program?

Significant time or age restrictions imposed by the program:

Alternative 529 Plans

Other great plans to consider

You are not limited to opening your own state's 529 plan, so shop around. Here are some highly rated options to consider:

Plan

Our Rating

Fee Score

Performance

Contributions

Maximum contributions:

Minimum contributions:

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

Investment Options

Age-based/Enrollment Year investment options:

View more age-based investment options

Static investment options:

View more static investment options

Underlying fund allocations:

Portfolio Fees & Performance Lookup

See the best 529 plans, personalized for you

A good place to start

GET STARTED

Fees & Expenses

Enrollment or application fee:

Account maintenance fee:

Program management fees:

Expenses of the underlying investments:

Total asset-based expense ratio:

Taxes and other Benefits

  • Tax deduction for single filers
    $2,435/yr
  • Tax deduction for joint filers
    $4,865/yr

Example

Married filing jointly residents contributing $100/month can expect an additional $0 a year in tax savings.

Program match on contributions:

State tax deduction or credit for contributions:

State tax recapture provisions:

State definition of qualified expenses

State tax treatment of qualified distributions:

State tax treatment of rollovers:

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

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

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

Upromise Helps Families Save for College

Statutory protection of an account from creditors:

Distributions & Terminations

To whom are distributions made payable:

Account Changes

Policy regarding participant/owner changes:

Documents, Access & Reporting

Does participant have online password-protected access to account?

Can the complete enrollment process including funding be done online?

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

Contact

Website:

Telephone:

Twitter

http://twitter.com/#!/OregonCSP

Facebook

Plan News

A good place to start:
A good place to start:
See the best 529 plans, personalized for you
See the best 529 plans, personalized for you
Get Started