Oregon 529 college savings programs
E46103
Oregon 529 college savings programs are state-sponsored, tax-advantaged investment plans that help families save and grow funds for future higher education expenses.
Aliases (2)
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
529 college savings plan
→
state-sponsored education savings program → |
| accountOwnerControl | account owner retains control of assets → |
| administeredBy | Oregon State Treasury → |
| beneficiaryChangeAllowed | true → |
| beneficiaryChangeRule | beneficiary can be changed to another eligible family member → |
| beneficiaryRequirement | must have a Social Security number or Individual Taxpayer Identification Number → |
| benefit |
potential Oregon state income tax advantages
→
tax-deferred investment growth → tax-free withdrawals for qualified education expenses → |
| brandName |
MFS 529 Savings Plan
→
Oregon 529 college savings programs →
surface form: "Oregon College Savings Plan"
|
| contributionLimitType | high aggregate account balance limit (set by state) → |
| contributionMethod |
automatic recurring contributions
→
lump-sum contributions → |
| country |
United States of America
→
surface form: "United States"
|
| eligibility | U.S. citizens and certain resident aliens → |
| eligibleUse |
books
→
certain room and board costs → certain student loan repayments (subject to federal limits) → equipment → fees → supplies → tuition → |
| federalLawBasis | Section 529 of the Internal Revenue Code → |
| feeType |
potential advisor fees (for advisor-sold options)
→
program management fees → underlying fund expenses → |
| investmentOptionType |
age-based portfolios
→
individual fund options → static portfolios → |
| minimumContribution | low minimum initial contribution (varies by plan and option) → |
| nonQualifiedWithdrawalConsequence | earnings subject to income tax and possible penalty → |
| purpose |
saving for K-12 tuition (subject to federal and state rules)
→
saving for apprenticeship program expenses (subject to federal rules) → saving for higher education expenses → |
| qualifiedInstitutionType |
eligible colleges and universities
→
eligible trade schools → eligible vocational schools → some international institutions (if federally eligible) → |
| riskCharacteristic |
investment returns are not guaranteed
→
principal is not guaranteed → subject to market risk → |
| sponsor |
Oregon
→
surface form: "State of Oregon"
|
| state | Oregon → |
| targetUser | families saving for education in Oregon and nationwide → |
| taxAdvantaged | true → |
| withdrawalType |
non-qualified withdrawal
→
qualified withdrawal → |
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form: "Oregon College Savings Plan"
this entity surface form: "Oregon 529 College Savings Network"