Oregon College Savings Plan
The Oregon College Savings Plan is a comprehensive 529 plan designed to help families save for higher education expenses. One unique aspect of this plan is its flexibility, as it offers a variety of investment options, including age-based portfolios and individual fund options, allowing account holders to tailor their investment strategy to their specific needs. The plan provides tax advantages, such as tax-free growth and tax-free withdrawals for qualified education expenses. Oregon residents may also be eligible for a state income tax deduction for contributions made to the plan, further maximizing savings potential. The Oregon College Savings Plan aims to provide families with a convenient and accessible way to save for their educational goals.
EnrollState Tax Incentive
$150 single / $300 joint beneficiary up to $30,000 income, higher income lowers % of deduction
Program Manager
Vestwell State Savings
Investment Manager(s)
Vanguard, TIAA, T. Rowe Price, American Beacon, MetWest
Plan type
Direct
Investments
Guided Investments
target-enrollment-portfolios
ESG Investments
Yes
Avg. expense fee
0.445%
Fee Range
0.32%-0.47%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
41%
for OR residents
41%
non-residents
Saving For College
Unbiased, independent resource for parents.
4.5
for OR residents
4
non-residents
Morningstar Rating
Once a year, the financial services firm Morningstar releases its 529 ratings.
Other
Connect with Mint.com
Track your finances in one place.
Yes
Connect with Backer
Full end to end enrollment, gifting and plan management.
Gifting Only
Mobile app
Backer App covers this plan.
No
Plan in the news?
Check out latest news about this plan.
General Recommendation
This is a direct sold 529 plan, rated as silver by Morningstar.
