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Regional News

College Saving Plan Needs Fixing


Oregon State Treasurer Ted Wheeler is trying to fix a money-losing portfolio in the Oregon College Savings Plan. The money market portfolio has a negative rate of return because interest rates are low, and the plan's managers impose a fee. Wheeler hopes to get the company to waive that fee: “My hope is we’re going to come out with a plan that mitigates any losses in the money market mutual funds. And holds people at event at least, until the interested rate environment improves.” Wheeler says he'll recommend the college board drop its own fees as well, making the Oregon College Plan one of the most affordable in the nation.

 

 

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