Paying for college can feel overwhelming, but it doesn’t have to be. With a little planning, you can start building a strong financial foundation for your child’s future. Whether your kid is getting ready for kindergarten or still in diapers, it’s never too early to start saving for higher education.
One of the most effective tools available to Oregon families is the Oregon College Savings Plan—a flexible, tax-advantaged way to invest in your child’s education.
What Is the Oregon College Savings Plan?
The Oregon College Savings Plan is a 529 savings account designed to help families save for education. Contributions grow tax-free, and as long as the funds are used for qualified education expenses, withdrawals are tax-free too.
Why Choose the Oregon College Savings Plan?
Here’s why the Oregon College Savings Plan continues to be a smart choice in 2025:
1. Anyone Can Open and Contribute
Parents, grandparents, friends, and even the child themselves can open or contribute to an account. It’s a great alternative to toys or clothes when birthdays and holidays roll around.
2. Covers More Than Just Tuition
Funds can be used for a wide range of qualified education expenses—including tuition, books, supplies, computers, and even room and board. You can use it at four-year universities, community colleges, trade schools, and even some K–12 tuition costs.
3. Low Fees
Fees remain competitive: the annual asset-based fee is just 0.25%, with investment fees ranging from 0% to 0.466%. That’s lower than most mutual funds or brokerage accounts.
4. Oregon Tax Credit
Oregon residents may qualify for a state income tax credit based on how much they contribute and their adjusted gross income. It’s a win-win: save for college and reduce your tax bill.
5. Easy to Manage
The plan is managed by Sumday, offering a clean and intuitive online platform where you can automate contributions, monitor growth, and adjust your investment strategy with ease. Their customer service team is responsive and knowledgeable, too.
Final Thoughts
Education costs continue to rise, but with tools like the Oregon College Savings Plan, families have a proactive way to prepare. Starting small—even just $10 a month—can add up over time, especially with help from family and friends.
Whether your child dreams of attending a university, a community college, or a trade school, every dollar saved today is a step toward their future success. Visit oregoncollegesavings.com to learn more or to get started.
