SALEM, Ore. – August 27, 2012 – To encourage families to save for college and offer positive exposure to Oregon university campuses, the Oregon College Savings Plan is hosting a series of random drawings that will result in the selection of 20 winners – 10 Oregon State University (OSU) Beaver fans and 10 University of Oregon (UO) Duck fans – who will each receive two tickets to a 2012 OSU or UO home football game, plus a pair of tickets to Oregon’s biggest college football rivalry, the Civil War game on Nov. 24 at OSU’s Reser Stadium in Corvallis.
All 20 winners will also be automatically entered to win one of two grand prizes of a $5,000 Oregon College Savings Plan account: one for a UO Duck fan and one for an OSU Beaver fan. Enter online at www.oregoncollegesavings.com and click on either the Duck or Beaver logo by November 8, 2012.
“We want to encourage Oregon families to start saving for college early and regularly,” said Michael Parker, executive director of the Oregon 529 College Savings Network. “We believe every child deserves the opportunity to attend college, and we are committed to helping their families plan and save for college through the Oregon College Savings Plan.”
According to a report from Georgetown’s Center on Education and the Workforce, people with a bachelor’s degree make 84% more over a lifetime than high school graduates, with the difference in earnings potential for a college graduate up to $1 million.1
The Oregon College Savings Plan works to educate the public that with good planning, funding a college education can be easier to achieve than one might think. Starting with small investments can amount to a big difference when it comes time for children to consider college.
The Oregon College Savings Plan also helps save on taxes; Oregon residents may deduct Plan contributions from their Oregon state income taxes each year (limitations apply; see the Disclosure Booklet for details.) and any earnings and qualified withdrawals are tax-free.
Entrants who are at least 18 years old can complete one official online entry form as either a Duck (University of Oregon) fan or a Beaver (Oregon State University) fan by Nov. 8.
• Duck fans enter here: www.oregoncollegesavings.com/news/football_ducks.shtml
• Beaver fans enter here: www.oregoncollegesavings.com/news/football_beavers.shtml
No purchase required. Void where prohibited. Visit OregonCollegeSavings.com for official rules. Enter by November 8, 2012. Sponsored by the Oregon College Savings Plan.
About The Oregon College Savings Plan
The Oregon College Savings Plan, which is part of the Oregon 529 College Savings Network, launched in January 2001 and has grown to more than $750 million in assets as of June 30, 2012. Since 2010, the plan has been managed by TIAA‐CREF Tuition Financing, Inc. An account can be opened for as little as $25 or $15 per pay period by payroll deduction. 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.
Consider the investment objectives, risks, charges and expenses before investing in the Oregon College Savings Plan. Please visit OregonCollegeSavings.com for a Plan Disclosure Booklet with this and more information. Read it carefully. Investments in the plan are neither insured nor guaranteed and there is the risk of investment loss.
The tax information contained herein is not intended to be used, and cannot be used, by any taxpayer for the purpose of avoiding tax penalties. Taxpayers should seek advice from an independent tax advisor based on their own particular circumstances. Non-qualified withdrawals may be subject to federal and state taxes and the additional 10% federal tax.
The Oregon College Savings Plan is administered by the State of Oregon. TIAA-CREF Tuition Financing, Inc., is the plan manager.