BEND, OR -- College savings accounts, known as 529 plans, gained attention this week with President Obama’s proposal and then reversal of an idea to tax earnings on the accounts. Experts with the Oregon College Savings Plan will host a free seminar in Bend Saturday, for those interested in learning more about the state's version of a 529 program. Executive Director Michael Parker says they hold these events across the state. "We try to make it as interactive as possible. We do about an hour and a half, we try to make it as quick-paced as possible so we don’t keep people too long. One, they’re going to learn all about the college savings plan. So, how can I invest, what are the investment options, what are all the things I need to do to start putting money into the plan, how do I open a plan, what do my statements look like, how can I contribute? So, all the things you want to know about the college savings plan, you can get the answers on Saturday."
Parker tells KBND News, the events are about overall college financial planning. "We’ve coupled our presentations now with an expert on debt and scholarships. So, if there’s families out there that maybe have a high school student, we’ll teach you how to fill out the free application for student aid (FAFSA), we’ll teach you how to avail yourselves of a number of private scholarships that are available in the state, we’ll teach you the ins and outs of student debt, so families get a college savings 101."
Saturday's event begins at 10 a.m. at the Riverhouse in Bend. Appetizers and beverages will be provided. Click HERE
to pre-register for the event. To learn more about saving for college, visit our Podcast Page