Oregon Treasury Resources
Included below are some of the financial resources identified by the Oregon State Treasury that connect students with options for funding college tuition:
Full overview of Oregon College Savings Plan: https://www.oregoncollegesavings.com/college-and-beyond
OCSP FAQ Link: https://www.oregoncollegesavings.com/faqs?category=the-basics
Oregon ABLE Savings Plan: https://oregonablesavings.com/
The Oregon ABLE Savings Plan is a tax-advantaged, state-sponsored investment account for disabled individuals with eligible expenses. The plan allows individuals to save up to $17,000 a year in an ABLE account (or more if they earn wages), without jeopardizing their state or federal benefits, such as Medicaid or Supplemental Security Income (SSI). Planning is well underway for the inaugural ABLE summit which has a tentative date set for October 2nd. Location TBD, more info to come.
Bottle Drop as a way to fund OCSP & ABLE accounts: https://www.oregoncollegesavings.com/bottledrop
Treasury partnered with Bottle Drop to make OCSP and ABLE more accessible. Reoccurring deposits can be set up on a monthly basis at $5 or more. There are also options to contribute to a savings account via a gifting page and/or Bottle Drop account.
Education Savings Tax Credit: https://www.oregoncollegesavings.com/tax-benefits
All Oregon College Savings Programs and ABLE savings have a tax incentive. Depositors will receive a refundable tax-credit up to $340 depending on income thresholds of the individual or family.
Financial Beginnings Financial Ed. Platform: https://www.financialbeginnings.org/or-college-savings/
Currently any youth who completes at least one module of Financial Beginnings curriculum will receive a $50 credit towards their Oregon College Savings account. Credits are automatic and take place on a quarterly basis.
Oregon Financial Empowerment Quarterly – Spring 2024: https://www.oregon.gov/treasury/news-data/the-ledger/Pages/Oregon-Financial-Empowerment-Quaterly-Spring-2024.aspx
This link highlights some interesting happenings across Treasury’s network. Included in the Spring edition is information about the FEAT team (more info below). Summer edition to be posted soon.
Financial Education Advisory Team: https://www.oregon.gov/treasury/financial-empowerment/pages/financial-empowerment-advisory-team.aspx
The FEAT was created by our current Treasurer and highlights financial literacy and wellness efforts statewide (see link for more info). Team members are listed on the webpage along with info from past meetings. The next one is slated for August 15 (webpage lists it as 6th however it has not been updated yet) and will be held in person at the Tigard Office of Treasury. Once the agenda has been posted, the link to tune in virtually will be included in the agenda as well. Any and all are welcome to attend.
