Known as the biggest shopping weekend of the year, Black Friday/Cyber Monday will take place Nov. 24 through Nov. 27 this year. And while most shoppers will be looking for deals on TVs, tablets and toys, the Oregon College Savings Plan is presenting consumers with two offers to invest in the gift of education.
During this year’s Black Friday/Cyber Monday four-day weekend, individuals who open an Oregon College Savings Plan account for a new beneficiary online at OregonCollegeSavings.com/give, with an initial contribution of at least $25, will receive a matching contribution of $25. In addition, account owners who establish an automatic contribution plan at the time the account is opened will receive a second $25 matching contribution after six months of automatic contributions.*
“A college savings plan is literally the gift that will keep on giving,” stated Michael Parker, executive director of the Oregon College Savings Plan. “We hope this Black Friday/Cyber Monday promotion incentivizes families to open a college savings plan for the children in their lives. Saving early and often may help ensure lower college loan debt in the future.”
For families who already have an account, the Oregon College Savings Plan also offers a popular eGift feature that allows friends and family to make a contribution for the holidays, providing downloadable gift certificates for Christmas, Hanukah and Kwanzaa.
Opening an Oregon College Savings Plan account takes just 15 minutes and $25 to get started, and offers a wide variety of low-cost investment portfolios to choose from including age-based, multi-fund, single-fund and guaranteed options. Oregon taxpayers are eligible for a state income tax deduction on contributions and can enjoy tax-free growth opportunity as well as tax-free withdrawals when funds are used for qualified higher education expenses (limitations apply).
About The Oregon College Savings Plan
The Oregon College Savings Plan, which is part of the Oregon 529 Savings Network, launched in January 2001 and has grown to more than $1.5 billion in assets as of September 30, 2017. The plan is managed by TIAA‐CREF Tuition Financing, Inc. For more information about the Oregon College Savings Plan, its investment options and how to enroll, visit OregonCollegeSavings.com or call toll free 866‐772‐8464. Follow the Oregon College Savings Plan on Facebook.com/OregonCollegeSavings and Twitter.com/OregonCSP; all social media platforms are managed by the state of Oregon.
*Terms and conditions apply, see rules at OregonCollegeSavings.com/Give.